When you are that low, it doesn't really matter about your finances. Try and get people on a free that will fit into your team without exceeding the weekly wge budget, that is the key. I had 2k and spent that on 1 player but brought in around 10 players.
Also, a good cup run really helps. I'm Braintree and got to the FA Cup 3rd round, I got beat 4-2 by Wigan but got 150k from TV rights
torquay (BSP) 20k transfer budget but like people say loan is best, just go to league 1 and championship reserves and choose good players and get them on free