Business Line of Credit & Business Funds
A Business Line of Credit (LOC) provides small businesses with flexible access to funds, helping them manage day-to-day cash flow and seize growth opportunities. Unlike traditional term Funds, interest accrues only on the amount used, offering a cost-effective financing solution.
Access the working capital your business needs to thrive with secured or unsecured lines of credit.1. Secured & Unsecured LOCs
Choose between secured LOCs backed by collateral or unsecured LOCs based on creditworthiness.
2. Flexible Borrowing
Borrow up to a set limit as needed and repay with flexible terms, adjusting to business needs.
3. Cash Flow Management
Use LOCs to cover short-term expenses like payroll, inventory, and operational costs.
4. Competitive Interest Rates
Interest rates fluctuate with the prime rate, ensuring fair and transparent pricing.
Business Lines of Credit offer financial flexibility, empowering businesses to grow and sustain operations effectively.
- Quick access to funds for immediate needs
- No interest on unused credit
- Improves cash flow management
- Helps build or improve credit history
Applying for a Business Line of Credit
Applying for a Business Line of Credit requires careful financial assessment and preparation.
- Gather essential documents like financial statements and tax returns.
- Assess credit history, revenue stability, and cash flow projections.
Empowering Small Businesses with Business Lines of Credit
A Business Line of Credit provides financial flexibility, allowing businesses to manage cash flow, cover operational expenses, and seize new opportunities with ease.
Flexible Access
Withdraw funds as needed, paying interest only on the amount used.
Secured & Unsecured Options
Choose between secured credit lines requiring collateral or unsecured options based on creditworthiness.
Competitive Interest Rates
Rates fluctuate with the prime rate, ensuring cost-effective financing.
Supports Business Growth
Manage cash flow effectively and take advantage of expansion opportunities.