What can limited partnerships use business loans for?

Limited partnerships can use business loans for a variety of purposes, just like other types of companies. It can finance planned investments to expand the business or to shore up finances in the short term. Since only general partners can subscribe to a limited partnership, and not limited partners, only general partners can apply for a business loan for a limited partnership.

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Training and development

Investing in training and development increases a company's productivity and skills. Business loans can be used to finance these initiatives, which benefit the company by increasing its skills and competitiveness.

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Expansion and growth

For limited partnerships planning to expand and grow, a business loan can be used to finance business expansions, to hire staff or to increase production capacity.

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Improvement of cash flow

Sometimes businesses can experience seasonal fluctuations in cash flow, which can affect their ability to cover running costs. Business loans can be used to smooth cash flow and ensure that the company can operate smoothly even during such periods.

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Consolidate loans

Bundling several smaller loans, credits or installment purchases can lower your company's overall costs. By combining them into one business loan, interest costs can be reduced. It also makes administration easier to avoid having to manage repayments to several different parties.