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Lines of Credit

Our expansive lender network allows us to offer a variety of credit options. Whether your business needs to smooth out seasonal finances, improve working capital, or finance an important purchase, we have the right solution for you.

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What is a Line of Credit?

A line of credit is a flexible loan option that can be used for a wide range of business expenses. If you’re unsure how much you need to borrow or have recurring expenses you need to finance, a line of credit can be the ideal solution. Work with one of our lenders to open a credit line. Then, borrow as much and as often as you need within your credit limit. Payments into your account will free up credit that you can borrow later on.

You can establish a line for your business with a secured or an unsecured account. A secured line uses the value of assets like real estate and equipment as collateral. An unsecured line keeps your business assets out of the lender’s reach, but can be a more difficult qualification. We’ll work with you to explore which line of credit is the optimal choice for your unique business needs.

Types of Lines of Credit

Working Capital

Use a line of credit to handle everyday expenses like payroll, utilities, and inventory. If you’re operating on limited working capital, we’ll help you find a solution.

Surprise Expenses

Unexpected damage to property or labor shortages can significantly impact your business’s finances. A line of credit can help you manage emergency expenses.

Purchase Orders

When a purchase order comes in, you may need to restock supplies or hire personnel to fill the order before a payment has been made. Use a line of credit to address short-term needs.

Advantages of Lines of Credit

Borrow as often as needed within your credit limit.
Pay interest only on what’s been borrowed.
Free up more credit by paying into the account.
Make regular, on-time payments to increase your credit score.

Frequently Asked Questions

When are Lines of Credit not a good fit?

A typical business line of credit may have a $250,000 maximum. If you need to cover major expenses like vehicle fleets or real estate, let us help you with specialized financing options.

Is a Line of Credit different from a credit card?

Yes. While both are forms of revolving credit, a line of credit typically has a higher borrowing limit and a lower APR. Whichever option you decide on, we can find you the right lender for the job.

When is the best time to get a line of credit?

It’s better to get a line of credit for your business before you experience an immediate need for one. When cash flow is higher and finances are stable, you’re more likely to qualify for great rates and terms.

How does my credit score affect my application?

Lenders look at personal as well as business credit histories. They’ll also want to see your cash flow and annual revenue figures. Qualifying for a secured line is easier because your business assets are used as collateral.

Our Process

Consultation

Unlike online lenders, we work with you to understand your goals and objectives for your business. Applying the right financial instrument with the right terms to each objective sets up a path for success. We’ll help you position your business for funding.

Placement

Unlike banks and other traditional lenders, we aren’t drawing from a single source of funds with a single set of terms. We aren’t trying to ‘sell’ you on a loan package. Instead, we facilitate placement of your loan with like minded lenders based on your plan.

Funding

We help you evaluate the terms offered by each prospective lender and we negotiate on your behalf to secure the best terms available for your business. Not only that, we are here for you in the road ahead. As you grow and evolve we will support with information and future financing opportunities.

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