ROOM TO MOVE
Business line of credit
Flexible access to capital, when your business needs it.
HOW IT WORKS
A revolving line of credit can give your business a reserve to draw on for recurring operating needs. As eligible balances are repaid, funds may become available again within the approved limit and the terms of the facility.
Where it may fit.
- Manage the gap between paying expenses and receiving revenue
- Purchase inventory ahead of a busy season
- Keep a reserve for short-term business needs
LOOKING AT THE WHOLE PICTURE
Fit matters as much
as funding.
We look at the rhythm of your revenue, existing obligations and the purpose of the line. Availability, draw requirements, pricing and repayment schedules depend on the funding source.
See how we workA LITTLE MORE CLARITY
Your questions,
thoughtfully answered.
Can I draw on the line more than once?
A revolving facility is designed to allow repeated draws within the available limit, subject to its terms. Some facilities have review requirements, draw fees or restrictions; those details should be understood before proceeding.
Is a line of credit the same as a term loan?
A term loan generally provides a lump sum with a defined repayment schedule. A line of credit provides access to an approved limit, with draws and repayments governed by the facility agreement.
A PERSONAL CONVERSATION
Let’s discuss business line of credit.
Start with your plans. We’ll help you understand the next step.
Begin a conversation