Go to your local bank and inquire about business financing. Banks have self-contained small business finance departments that can help you obtain financing to expand your business. In many cases, you will have to have good personal credit as the business owner and the interest on these loans is relatively low. Assess your financial needs to expand and take a loan in that amount. They will let you know the payment schedule, interest rate and other terms of the loan before you sign any paperwork.

Obtain a loan for expansion through the Small Business Administration. They have many different loan products to fit your particular needs. A 504 loan through this agency is specifically geared towards business expansion and can be used for acquiring heavy equipment and other assets to grow and expand your business. You will have to pledge 10 percent of the loan amount, but the government will lend you 40 percent and private lenders will cover the rest. You must prove sustainable cash flows to borrow the money and up to $2.5 million is available for each business.

Get a merchant cash advance for expansion. If your business has credit card sales, a merchant cash advance may be a good option to obtain the funding needed for this growth. No credit checks are needed, but you must have been in business for some time, usually about a year and have certain amounts of credit card sales in the past to secure the money. The merchant cash advance company takes a percentage of gross credit sales and the payments can fluctuate related to these particular types of sales. This is a great option for business owners with less-than-perfect credit who need funding quickly, without much hassle.

Take on a partner to secure more funding. Once a company starts to expand, it is sometimes advisable for owners to take on a silent partner or investor who is willing to put up a certain amount of money in exchange for a percentage of revenue. This should be someone who has a good track record with their investments and is fully aware of what they are getting into. Although silent partners are sometimes best, others will invest if they can be part of the business, which is great as long as you trust them and they know how to help you expand.

Borrow money from many investors through a peer lending service such as Prosper or Lending Club. These websites have thousands of investors who pledge small amounts of money looking for a good return. You can borrow a large sum by borrowing from more than one investor. You then pay them all back with monthly payments. This can be a good way to get money to expand.