Small Biz Heroes
Business Lines Of Credit
A revolving business line of credit is a great way for small businesses to get the cash they need when an emergency arises. Unlike traditional loans, with one you can borrow up to with one you can leverage anywhere up to your max credit limit and only pay back what you withdraw. plus simple interest use your revolving line as needed – whether that’s covering payroll or purchasing inventory-because it will always be available!
Max Credit Line Limit
$5K – $250K
6 Months – 2 Years
TIME FOR APPROVAL & FUNDING
As Little As 1 Day
How It Works
A business line of credit works much like a credit card. This program gives your business access to a pool up to a “certain” limit depending on what you qualify for.
Each payment also builds business credit!
You only have to pay interest on the amount you decide to draw from the line and the earlier you pay it back, the more money you save.
Revolving Line of Credit
You can reuse the funds with a revolving line of credit once you have repaid them, without the need to reapply.
It can be secured, and the interest rate can be lower if you offer collateral, leading to the availability of withdrawal more.
Benefits of A Line of Credit
A business line of credit is a cross between a credit card and a standard term loan, and it can be a truly useful tool for a small business.
For example, if you have a seasonal business, a line of credit can help cover overheads or payroll in the off-season. You can also avoid paying interests on a large sum: instead, only pay for the amount you’re using.
What Businesses Can Apply?
Get A Pool of Funds for Your Business
We’ll go over the various costs associated with this type of financing so you have an idea if it is right for you and how much money could potentially be spent!