Business Line of Credit

A business line of credit is revolving funding up to a pre-approved amount. With a line of credit, a business can pull increments of working capital out as needed to be paid down regularly while only paying interest on funds drawn.

Some standard characteristics of business lines of credit:

With most small businesses, access to fast and flexible working capital can be invaluable. Whether you are in need of funds to cover workflow gaps, demands for equipment upgrades, or purchase of new inventory, a line of credit can ensure funding is readily available at a moment’s notice.

Some typical reasons for obtaining a line of credit:

Traditional methods for securing a business line of credit were time consuming, and many lenders were hesitant to work with younger businesses. At SnapCap we specialize in alternative lending options that place fewer barriers between your business and the funds it needs. You’ll have a dedicated loan officer that will work to establish a line of credit quickly so your business doesn’t miss a beat.