Lines of Credit

It’s easy to get started with Business Capital Consultants. We listen, analyze and leverage our expertise to secure for your business the right line of credit perfect for your specific business situation.

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LINE OF CREDIT FLEXIBILITY TO MOVE YOUR BUSINESS FORWARD

As a small business owner, you know that there are times when you may need extra cash to meet a variety of operational needs. You may finally get that big order you’ve been waiting for. There may be an opportunity to launch a marketing campaign designed to bring in new business. An important piece of equipment may need emergency maintenance. No matter the reason, a line of credit may be just the thing your company needs to operate smoothly and grow steadily.

Business Capital Consultants USA thoroughly understands why businesses need lines of credit and can help you determine whether this is the right option for you. We analyze your balance sheet, look at all other funding options that might be suitable for your particular business situation and we help you narrow down to that solution that fits you. If a line of credit is ideal, then we leverage our expertise to help you find the right lender offering the best terms.

It’s easy to get started with Business Capital Consultants. We listen, analyze and leverage our expertise to secure for your business the right line of credit perfect for your specific business situation.

  • Payroll

  • Equipment purchases
  • Equipment maintenance
  • Order fulfillment
  • Marketing campaigns
  • Office equipment
  • Contractor hiring
  • Transportation costs

A business line of credit is perfect for companies with:

  • A long and stable history

  • Reliable and consistent revenue streams
  • High deposit volumes
  • Guarantor with excellent personal credit

Once we’ve worked with you and identified the right line of credit solution for your situation, we’ll also help you quickly secure it, knowing that time if often money.

The Pros and Cons of Lines of Credit

Sometimes, your business is short on cash right when you need it most.

It might be that a supplier is selling inventory at a discount, and you want to take advantage. Perhaps you have a potentially lucrative project sitting in front of you. Or maybe you need emergency cash to repair or replace old equipment.

A business line of credit is an excellent solution for any of these situations. They work like credit cards. You can borrow up to a specified limit whenever you want. You then must make at least the defined minimum payment each month — although you should strive to pay it off in full to avoid interest.

At Business Capital Consultants, we’ve helped many small business secure lines of credit that have helped them grow. However, we want you to be an educated borrower. With that in mind, we’ve listed the pros and cons of credit lines below. If, after reading this list, you feel that a credit line could aid in your business growth, contact us. 

The Pros of Lines of Credit

  • Cost-Efficiency

With loans, you may take out more than you need, and get stuck with excess debt. Lines of credit are more efficient, giving you access to the exact amount of additional funds you need when you need them. Additionally, you can avoid any interest by paying your balance on time.

  • Usefulness For Smoothing Out Cash Flows

Your business may occasionally run into a cash shortfall. A line of credit can cover those lean times until cash flows pick up again.

Consequently, credit lines are especially helpful to seasonal businesses. If you don’t earn enough during your peak time to cover the slow months, your credit line can make up the difference.

  • Timeliness

Once you have a credit line, you can access it instantly. You don’t have to wait for a loan application to process each time you need to borrow. If a prime investment opportunity comes up, for example, you can take advantage of it right away.

  • Credit-Building

Having an open credit line in good standing is an easy way to build your business’s credit — bringing you better future borrowing opportunities.

  • Relationship-Building

Using your credit line usually requires speaking to your lender and requesting access. You’ll naturally build rapport with your lender, making it easier to get other forms of debt from them.

The Cons of Lines of Credit

 

  • Interest Rates

Credit lines have high interest rates. This shouldn’t be a problem if you use your credit line wisely. However, if you rely too heavily on your credit line, you’ll pay a fortune in interest.

  • Credit Limits

Lines of credit borrowing limits are much lower than term loans — but they’re still greater than business credit card limits.

  • Requirements

Credit lines are difficult to qualify for. You must have a strong credit score, robust cash flows, and, in some cases, collateral. Younger businesses may have a tough time getting a credit line, but Business Capital Consultants can help.

  • Time-Consuming Application Process

Credit line lenders ask for a lot of documentation before extending you a credit line. Most entrepreneurs don’t have time to assemble this information. Fortunately, Business Capital Consultants can handle this entire process for you.

Is a Line of Credit Right For You?

A line of credit could be just what your business needs if you have excellent personal credit, and your business generates healthy, stable cash flows. Your credit line can offer you access to new opportunities that may not be obtainable with cash alone.

However, you can never be 100% certain that a credit line is the ideal funding solution for your business without speaking to experts. At Business Capital Consultants, we’ll analyze your balance sheet to determine if a credit line is right for your business.

If we think a credit line works best, we’ll find the best lender for you — and we’ll even handle the application process. Time is money, after all, and your time is best spent in your business.

Schedule your free 30-minute consultation with Business Capital Consultants today.

Business Capital Consultants is here to help if you aren’t sure which short-term financing source is right for you. We’ll deal with the paperwork and phone calls for you so you can get the funding you need without wasting valuable time.

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