Business Lines of Credit:

Lines of credit provide cash to grow your business short term needs. It helps you increase inventory and generate more sales by bridging the cap small business owner need to grow the next big project. Business owners pay only interest and principal on the money used and not on the entire amount funded each month.

Small business lines of credit do not required that you pledge any collateral and provide flexible financing terms. Most lines of credit come with no due date and are open ended, meaning that there isn’t set date when the loan is due to be paid off.

Business lines of credit provide perhaps some of the best terms and rate a business owner can obtain to finance a business venture. A line of credit can vary in funding and in some instances where the borrower has strong financials and assets, banks can fund up to $1,000,000 secured or unsecured loans.

Applying for a business line of credit is very easy and requires very little documentation. These lines are unsecured with no collateral and all that is required is a borrower with strong, clean credit history and at least in business for one year.

Financing for a business line of credit can be very quickly with funding as little as 20 days from loan submission, an extremely flexible program that can put business owners on the road to wealth and higher gross margins. Don’t miss another opportunity by not seeking the right financing that can make or break your next deal.