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15 Apr 2024

The Rediscovery Centre, the National Centre for the Circular Economy in Ireland, today announced its partnership with Cytech, the internationally recognised training and accreditation scheme for...

12 Apr 2024

Just two weeks remain for the UK cycle industry to have its say on the current Government consultation to double the permissible power of e-bikes, and to remove the need for pedalling.

10 Apr 2024

Award-winning cycling business Spokes Bikes has added a new shop in Greenock to existing shop in Bridge of Weir.

9 Apr 2024

Communities across England are to be given access to £101 million of government funding for high-quality walking and cycling routes, improving the quality of local public engagement for...

9 Apr 2024

The founders of a Wirral bike recycling scheme have opened a hub across the River Mersey as part of a campaign to encourage more people into cycling.

8 Apr 2024

 A new video from the London Cycling Campaign (LCC) launched ahead of the mayoral election on May 2 urges followers to “make sure London’s next Mayor knows just how much we all...

8 Apr 2024

A new study has suggested that cities need to take into account the rapid growth and serious potential of electric bikes in moving people.

8 Apr 2024

A new study conducted by the Department of Industrial Engineering, Capital University of Economics and Business, Beijing, says a bike’s cost and the income of the buyer play the biggest...

3 Apr 2024

The Association of Cycle Traders is urging cycle retailers to register their opposition to proposed government changes to e-bike regulations before the consultation closes on April...

2 Apr 2024

Walsall's cycling community has been celebrating a family-owned business which celebrates its 90th anniversary this year.
 

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Looking to expand your business?

Posted on in Business News , Cycles News

For the past year, survival has been the primary and only focus for many bike shops as the retail landscape shifts.

But, are you looking to develop and grow your business?

There are benefits that come with business expansion including the increase in customer reach, sales and profits. Of course, there are downfalls to expanding surrounding a lack of funding and the question of whether or not it is the best time to expand.

With more and more issues arising around climate change and the heightened interest the news and press have taken in reporting on climate change, cycling has become a more popular method of commuting with more than two million people across the UK cycling once a week.

Business finance expert Emily Relph explores the multitude of funding options out there for businesses looking to expand.

  • Online small business loans
  • Invoice finance
  • Crowdfunding
  • Stock finance
  • Commercial mortgages
  • Traditional bank loan
  • Credit cards

Find out more about these different types of loans here.

There are so many different funding options out there for businesses looking to expand. Each with pros and cons of their own and some more suited to a specific business's needs than others.

The key take away from this is that there are more options out there for businesses and increased funding could be the answer for some businesses looking to expand and achieve business goals.

Image sourced from Sundaypapers

 

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