Line of Credit

A business line of credit provides you the ability to draw down funds up to your credit limit and can be borrowed and paid back multiple times while only paying interest on the money you borrow. This structure is flexible and typically unsecured. Lines of credit are also a way to borrow money for businesses that are seasonal or those that need help managing cash flow or handling unexpected expenses.

Positives:

  • Flexible borrowing
  • Typically no collateral required

Negatives:

  • May have maintenance fee
  • Good credit and consistent revenue required

Good fit for:

  • Short term needs
  • Managing the cash flow of businesses that are seasonal
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Get the Financing You Need
To Grow Your Business

Let us help you take your business to the next level. Great Percent Finance understands the challenges that small and medium-sized businesses face when it comes to securing business funding. Schedule a free, no-obligation consultation, and let us help secure the capital you need to meet your business goals and grow your business.