BUSINESS LINE OF CREDIT
What is a Business Line of Credit?
A business line of credit provides borrowers a preset amount of money that they can withdraw from when needed. This is a flexible financing option that can fund many business expenditures, from short-term expenses to funding long-term projects.
A major advantage of this financing option is that borrowers can withdraw any amount whenever they want and interest will only be charged on the amount withdrawn.
Some business lines of credit are unsecured while others are collateralized by different assets. As there is collateral to protect the lender, secured lines of credit tend to have lower interest rates.
To apply for our custom business lines of credit, please fill out the Free Consultation Form. We will provide a free consultation and quote for a custom invoice factoring program that will meet your funding needs.