Line of Credit
A business credit line is like a credit card or home equity line of credit. Our clients are approved for a fixed amount of working capital, that they can utilize on an as-needed basis.
When using a line of credit our clients only pay interest on the money that is withdrawn. It provides the flexibility to manage business expenses as they arise.
A credit line can be used for:
- Including buying inventory
- Purchasing equipment, tool and supplies
- Managing some cash flow.
- Providing money to Hire new employees.
What's In It For The Clients?
- Revolving lines of credit allow our clients to borrow working capital in increments on an as-needed basis, up to a pre-approved limit.
- A line of credit assists small business owners to keep operations running smoothly with the ups and downs of seasonal changes and occasional money shortages.
Interest Only Payment
- Only pay interest on the amount you withdraw from the line of credit. Having a flexible financing option is critical to manage expenses.
No Title Required
- Lines of credit have no collateral requirements.
Improves your credit score
- Having more credit available and not using the amount is a great way to build personal and business credit scores.
Know your limit and stop when you like
- Once approved, our clients can increase their limits based on credit performance, and business lines of credit have no pre-payment penalties.
Access to funds when needed
- A revolving line of credit provides more flexibility than a traditional bank loan.