Lines of Credit

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With the advent of the 2008 Financial Crisis here in America and other parts of the world, entrepreneurs find themselves putting more equity into their businesses than before this fiasco. Lines of credit are a perfect financial instrument for small companies to have when financial situations change unexpectantly. Change is part of life and nothing stays the same and can be expected in business issues too. Thus, the question is not if, it is when, and are you prepared financially to waiver the storm? A line of credit is that financial product that could be the difference between taking advantage of an opportunity now that could bring huge rewards and that of being complacent in wethering the storm and waiting on the next big opportunity to act.

What is a Line of Credit?

A line of credit is a loan approval extended to entrepreneurs and small business owners that are drawn on when there is a need. Typically this loan, when drawn, the merchant only pays interest of the loan proceeds that are taken. The entrepreneur has 24-hour access to these funds and can obtain five drafts or separate loans within 6 months, and the fund can be requested online.

Benefits Of A Line of Credit

One uses the funds as needed into their business, and make low fixed weekly payments. Hence, the line of credit is not a cash advance but a bank loan which means this is a tax write off of the interest payment. So repayment is not tied to credit card receipts that are customary with merchant cash advances with are incredibly costly. Here are some benefits of a line of credit:

  • One can blend the Line of Credit with the Flex Pay Loan and deter up to 50% of the principal in the future.
  • Entrepreneurs can lock in rates for six months with a minimum payment.
  • Approval within 3-days.
  • Loan amounts up to $750,000.00 with no collateral or tax returns.
  • Interest is tax-deductible.
  • Early payoffs are applicable.

What Are L.O.C? Loans Used for?

  • Equipment financing
  • Inventory financing
  • Project expansions
  • Remodeling and renovations
  • Opening another business location
  • Liquor Licenses
  • Buy out a business partner
  • POS System
  • Paying business taxes
  • Stabilizing cash-flow

Applying for a Business Line of Credit

If you are, prepared to move forward, then simply fill out the form to the right, and we will get back to you inside the hour. We pride ourselves on being nimble and responding to your questions quickly. Our business hours are Mon-Fri from 9qm-9pm, 9 am-5 pm on Saturdays, and NO SUNDAYS. We aim-to-please-always!

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