Business Line of Credit for Working Capital

Line Of Credit Loan

Business Line of CreditBusiness owners who need fast cash and working capital should consider a business line of credit loan. This will allow you to finance your business with a new revenue stream without requiring the use of expensive credit cards or depleting your personal savings account.

Working Capital Line of Credit

  • These are revolving lines of credit that fund your general needs for working capital, from accounts receivable to inventory
  • Convenient borrowing and repayment
  • Secured lines can have as collateral: business assets, deposit accounts, real estate, securities, and more.
    • These may offer lower rates depending on both your business profile and your credit history. Higher credit limits will be offered on real estate secured lines.
  • Unsecured lines may be available to you, but this will be based on both your personal and your business credit histories, and the business’ cash flow. These may have lower limits and higher interest rates.

Business Equity Line of Credit

  • Secured by your business property’s equity
  • Flexible and revolving
  • Equity leverage available
  • Convenient borrowing and repayment
  • Interest-only options, depending on loan amount

Most modern businesses will eventually need interim financing in order to fund the short-term working capital needs that are associated with their:

  • Accounts receivable
  • Inventory
  • Trade discounts
  • Seasonal shortfalls
  • Other needs

Even the most profitable business will sometimes experience lean times. Perhaps a major client has postponed a payment. A seasonal business will always find itself in the low season sooner or later. These are examples of when a business line of credit can help to cover expenses in a pinch, or when necessary. They can also let you take up unexpected opportunities, for example, when a supplier is offering discounts. With this kind of flexibility, you won’t miss any chances.

Summary

We know that running a business can be unpredictable. Pre-approving for a line of credit will ensure that you’re financially prepared for just about anything. With easy access to cash whenever you need it, maximum flexibility can be yours. For both short-term and seasonal needs, a line of credit offers a great solution. Only pay interest on what you use and have access any time. Apply for one now — before you need it, not when it becomes too late.

Features & Benefits:

  • Competitive rates
  • Wide range of applications
  • Seasonal fluctuations
  • Inventory needs
  • Trade discount opportunities
  • Working capital
  • Financial flexibility
  • Customized to your business’ needs
  • Funds available on the fly, as you need them
  • Revolving credit line
  • Interest only on what is borrowed

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