A flexible credit line, usually with a bank or other financial institution, which can be used for any purpose up to the maximum balance. The unique feature is the revolving aspect, that any principle paid towards drawn capital, may be reused immediately, giving any business must-needed flexibility, and pay pay on what you draw.
A Business Line of Credit is as simple as cash deposited into your business bank account. Draw on your business line of credit to get more working capital, buy inventory, handle seasonal cash flow gaps or address almost any other business emergency or opportunity.
Do you need for emergency reserves?
Do you regularly need to deploy capital while you wait for sales to occur or invoices to be paid?
There’s no business in the world that cannot benefit from having a Business Line of Credit available to them.
A Term Loan is a horrific method for working capital. Even though term loans provide larger amounts, longer terms and lower rates, once it is used up, it is just regular old debt and even prepayment will not get extra liquidity. A Business Line of Credit will give you business liquidity, flexible enough and just large enough for your working capital needs.
All loans are not created equal – and a Business Line of Credit is considered the Gold Standard of loans.
