Unlike other business loans, line of credit provide small business owners with the money when you need it and you can use it however you want.
This type of popular financing is similar to a credit card or home equity line. You can use the approved funds on an as-needed basis. The biggest benefit of the line of credit is that you pay for the interest only for the funds you withdraw. This gives you the flexibility to manage your small business expenses on an as-needed basis.
Apply and get the funds almost instantly.
| Loan Amounts | $6K - $100K |
| Rates | from 13.99% |
| Business Annual Revenue | from $100k |
| Approval Rate | High |
| Credit Score | 500 and above |
| Business Bank Account | Yes |
The line of credit can be a safety net for the business owners which allows them to use the funds to cover both short-term or unexpected expenses. The money is there when you need it the most.
Businesses who have opted for Line of Credit financing have the flexibility to access the funds conveniently. Whether you need to hire a new employee, buy a small piece of inventory and equipment, manage your cash flow or cover various one-time charges, now you will have the opportunity to do so.
You can withdraw the funds as often as you want, up the maximum amount of your credit. Once you repay the funds, the amount is instantly available once again.
Not every business will need immediate funding, but smart business owners are always planning for unexpected situations which may arise. Ensure that your business’s finance is running smoothly and apply for the Affordable Capital’s line of credit even before you need it.
Line of Credit benefits:
