Business Line of Credit
Being a small business owner means being able to adapt to change at the drop of a hat. Business Lines of Credit are the most flexible financing options for businesses today. They allow business owners to stay in front of the competition by always having cash at their disposal.
At SBG Funding, a business is approved for a maximum amount of revolving credit and can draw down any amount, at any time, as long as it does not surpass the maximum approval amount. With SBG Funding, there are no restrictions around when and how you use your money.
Please note: Credit approval, requirements, and actual terms (including actual loan amount and rate), are subject to SBG and it’s affiliates credit standards and may vary by applicant
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What is a business line of credit?
The list for what you can use your line of credit for is endless however most of our clients use the line of credit to take on new jobs, add additional staff, and attend to short term needs such as payroll, vendor payments, and other corporate expenses. A line of credit is also a great way to make sure your business is ready for any unexpected expenses your business may incur while growing.
Benefits of lines of credit
- Quick and easy access to cash when you need it most
- Flexible repayment options
- True no pre-payment penalty
- If you don’t use it, it doesn’t cost you anything