Working Capital Loans
Business grows and changes with the times. When business is good, obtaining a line of credit may not even cross your mind. But when business gets slow, having a revolving line of credit can be the answer to your prayers. Your business should be prepared for anything and our Working Capital Lines are always there when you need them.
A working capital loan is not used to purchase long-term investments like equipment or real estate but rather it is a loan that provides financial relief for daily business operations like accounts payable, wages and invoicing. A working capital line of credit maintains a maximum loan amount that your business can borrow from as needed. The major advantage of this type of financing is that the debtor is only charged interest on borrowed funds and not the maximum loan amount. A working capital line of credit also gives businesses more freedom for repayment as funds come in without high interest rates or finance charges.