The Amazing Benefit of a Business Line of Credit That Most Business Owners Don’t Know About (And How to Claim It)
Access $10,000-$5,000,000
To fund growth initiatives: A business line of credit can help small businesses invest in growth opportunities, such as hiring new staff, developing new products, or entering new markets, without having to wait for long-term financing
Minimum
Requirements
6+ Months in Business
$5,000+ Monthly Gross Sales
600 Minimum Fico Score
To improve working capital ratio: A business line of credit can help small businesses improve their working capital ratio, which is the measure of their ability to meet their current liabilities with their current assets. A higher ratio indicates better financial health and liquidity
To take advantage of trade discounts: A business line of credit can help small businesses take advantage of trade discounts, which are offered by suppliers for early or bulk payments. This can help them reduce their costs and increase their profit margins
To deal with emergencies: A business line of credit can help small businesses deal with emergencies, such as equipment breakdown, natural disasters, or lawsuits, that may disrupt their operations or cause financial losses. Having a line of credit can provide a cushion of cash to cope with these situations
To diversify their financing sources: A business line of credit can help small businesses diversify their financing sources, which can reduce their dependence on a single lender or type of financing. This can help them avoid the risk of losing access to funds or facing unfavorable terms in the future
To improve credit profile: Equipment financing can help small businesses build or improve their credit profile, by demonstrating their ability to repay the loan on time and in full, which may improve their chances of obtaining other forms of financing in the future
