How to Obtain a Small Business Unsecured Line of Credit
They say that if something is easy to obtain, it is not valued as highly as something you struggled to get. That used to apply to many business endeavors, such as obtaining a small business unsecured line of credit, but not anymore.
In the past, it was common for small business owners to fret over and waste time searching for any unsecured business funding they could get. Now, things are much easier thanks to options provided by numerous alternative lenders. You just have to find the one that is right for the unique needs of your small business.
Is it Possible to Obtain a Small Business Unsecured Line of Credit from a Bank?
When you are looking for a small business unsecured line of credit, don’t expect to get it from a traditional bank. All banks will require a line of credit to be secured with an asset, such as your accounts receivable and other liquid assets.
A bank will take months just to give you a no answer. Even if you are able to get a secured line of credit, each year the bank will put you through hell to get the line renewed.
Where Are Businesses Going Today for a Small Business Unsecured Line of Credit?
Financing Solutions is a leader in small business unsecured lines of credit. They are now offering lines up to $150,000. These are very easy to get in place, inexpensive, and don’t cost anything until you actually use them. Visit www.financingsolutionsnow.com/creditline to get started.
With Financing Solutions, you can get a low interest line of credit that is good for up to 12 months. Your existing business must have a credit score of at least 650 and more than $500,000 in yearly revenue. Then you are eligible to apply.
Best of all, it is unsecured, making it ideal for businesses that don’t have tons of collateral necessary for a traditional fast business loan. Every business should have a line of credit in place to handle emergencies and manage growth.
How to Obtain More Business for Your Business
You have established your business, worked out the kinks and developed a loyal following. The next step is growing your customer base. However, this is much easier said than done.
One tactic to adopt is to increase your visibility. Get your company’s name out there by sponsoring local or regional events. You might also try hosting informational gatherings and finding opportunities for speaking engagements. This will help establish your company as one that cares about its community, customers and industry. As a result, it serves to build trust with potential clients.
You can also give away something for free. Hey, who doesn’t like getting free stuff, right? This could be as simple as a free sample in exchange for getting their contact information. Another idea is to make it long term with a free trial of your service. If you’ve got a great product and excellent customer service, those prospects will quickly become converts.
Overall, attracting more business takes time and capital and you can obtain both by contacting Financing Solutions. They will give you the quick business financing you need to spend less time worrying about your finances and more time focusing on your growth.