Business Line of Credit
A Line of Credit is the best financing option when you need extra working capital to cover recurring business expenses or bridge cash flow gaps. With ongoing access to cash, you have the flexibility to withdraw only what you need, when you need it—and pay for only what you use. So you’ll be prepared for whatever challenges and opportunities come your way.
Unlike a term loan, a business line of credit allows you to run your business without having to apply for a new loan every time you need a bit of extra cash. And with ongoing access to working capital, you can plan for your business’s future with less stress. Your line of credit can give you the boost you need to take advantage of opportunities when they arise.
Top ways to use a line of credit
- Reopening your business
- Bridging cash flow gaps
- Covering payroll
- Hiring more employees