Business Line of Credit

A Business Line of Credit is a short-term credit facility that can be used to finance business expenses. It typically has a term of between 12 and 36 months, with interest rates that range from float to variable. Most importantly, the terms are flexible which allows you to adjust them as needed in order to accommodate your company's growth potential and financial stability.

A Business Line of Credit can provide crucial liquidity for businesses during uncertain times or when they need additional funds quickly but do not have sufficient borrowing capacity within their capital stack. In addition, it gives companies the ability to boost revenue by refinance debt into higher-yielding products or securities without having to tap external sources of financing such as investors or banks.

To learn more about how a business line of credit can help with working capital in your business, complete our 15-second application to speak with a business financing advisor.

A secured business line of credit is a type of loan that is backed by collateral. This means that you must provide the lender with something they can use as security for your loan, such as assets such as real estate or equipment. Unsecured loans are not backed by any kind of collateral, which makes them less risky but also more expensive since lenders tend to charge higher interest rates for these types of loans.

Typically, unsecured business lines of credit are ideal when you need quick access to funds and don't have much time to gather required documentation. They're also good if you want full control over how your money is used and where it's spent without having to worry about incurring debt payments in the future.

To learn more about how a secured or unsecured business line of credit may benefit your business complete our 15-second application to speak with a business financing advisor.

A business line of credit can be a great way to finance your startup or expansion while minimizing the risk involved. This type of loan offers you a fixed rate of interest that is usually lower than what you would pay on a personal loan. Additionally, there are no prepayment penalties and no minimum payments required, making it an ideal option for companies that need short-term financing but don't want to tie up cash in long-term debt.

The main downside to using a business line of credit is the fact that it's often difficult to get approval. Therefore, before applying, make sure that your proposal fits within the lender's parameters and meets their lending criteria. Be transparent about all aspects of your company so potential lenders have complete understanding about why they should approve your application.

To learn more about why you should always have a business line of credit available, complete our 15-second application and speak with a business financing advisor today.

A business line of credit is a loan that businesses can use to finance important operations or expansions. It works similar to a personal credit card in that the company borrows money from a lender and pays back the debt with interest over time. The main benefit of using a business line of credit is that it gives businesses more flexibility than traditional loans, since they aren't tied down by strict repayment schedules.

Instead, companies can repay their line of credit whenever they deem necessary and still maintain their financial stability. In addition, this type of loan typically has lower interest rates than standard loans because lenders are confident in the future prospects for the company involved.

Thinking that a business line of credit might be the right fit for your business? Complete our 15-second application to learn more. 

Alternative lenders tend to offer the best business lines of credit available on the market. When searching for the best business line of credit it's important to find options that feature:

• Fast process (from application to funding)
• Access to a wide variety of lending options
• A true revolving line - access to additional funds once you begin to pay back the line
• Ongoing access to the line to be used to assist with cash-flow in times of opportunity and emergency
• Better rates and terms that meet your business needs

To learn more about what is considered to be the best business line of credit options available today, complete our 15-second application and speak with a business financing advisor to weigh your options.