A Business lines of credit Loan Can Keep Your Mortgage Afloat!
Get a FREE quote on a Business lines of credit Loan & save thousands of dollars per year.
Our Business lines of credit Loan Rates Are Low & Our Process is Quick & Painless
A small business line of credit has more in common with a small business credit card than with a small business loan.
Like a small business loan, an unsecured line of credit provides a business with access to money that can be used to address any business expense that arises. Unlike a small business loan, however, there’s no lump-sum disbursement made at account opening that requires a subsequent monthly payment.
A small business line of credit is subject to credit review and annual renewal, and is revolving, like a credit card: Interest begins to accumulate once you draw funds, and the amount you pay (except for interest) is again available to be borrowed as you pay down your balance. As with a credit card, the lender will set a limit on the amount you may borrow.
We’ll help you clearly see differences between Business line of credit loan options, allowing you to choose the right one for you.
The Business lines of credit Loan Process
Here’s how our Business line of credit works:
The number one reason to open a business line of credit is to gain access to short-term funding. Most businesses use these funds to support financing for operational expenses like supplies and payroll or for increasing inventory.