Benefits of a Business Line of Credit

Business Lines of Credit facilities are loans that protect your cash flow, ensuring that it remains steady. The amount you can borrow is calculated upon the amount of sales you process that month, therefore allowing you to have access to your owed monies before you would naturally.

This product not only increases your cash flow, but is tailored to your business, allowing for flexible repayments. This funding solution is ideal for those with a good business profile, such as a strong credit score, and business assets. It is designed to boost your working capital allowing for you to cover expenses for your business that you would like to pay back overa period of time.

There are plenty of benefits to this funding solution in comparison to a more traditional facility. Business Lines of Credit are unsecured facilities, meaning no assets will have a charged placed against them. This will also allow you to have your asset or property secured under a Secured Loan product, allowing more funds to be released. Another major benefit of this type of product is the how quick and simple it is to apply through our lenders. Rather than accessing funds through physical appointments with your bank, you can apply online in a matter of minutes and gain access to
funding. There is also no commitment made upon a Business Line of Credit until you draw down funds, which of course you are committed to pay back.

The only outstanding negatives of this product are that it is sadly unavailable to new start-up companies. For new starters, there are specific produts tailored to your stage of business growth, boosting your working capital and cash flow, allowing for the purchasing of assets, equipment or investing in new projects.