Frequently Asked Questions
WHAT IS A BUSINESS LINE OF CREDIT?
A Business Line of Credit is a financial arrangement extended by a lender to a business, enabling the borrower to tap into funds when necessary. Interest is solely paid on the amount withdrawn, offering a cost-effective solution for businesses to access funds incrementally, rather than in a single lump sum.
Business Lines of Credit function as versatile credit facilities, permitting you to access funds as required, granting you the flexibility to effectively manage cash flow and promptly handle business expenditures.
WHEN WILL I GET THE FUNDS?
Typically, businesses can secure a Business Line of Credit within a short timeframe of 3-5 business days, providing a swift and efficient funding solution to meet their immediate financial needs and sustain ongoing operations.