A Line of Credit... Just in Case

business lines of credit

Emergency Business Lines of Credit: Are They Necessary?

Emergency Business Lines of Credit Are They Necessary

An emergency business line of credit is exactly what it sounds like. It is revolving credit intended for business-related emergencies. A line of credit has no debt maturity date or repayment plan, rather the borrower is free to use as much or as little of the credit line as they choose. They make monthly payments that include interest only on the amount used from the credit line, not the lump sum. This is much different from a business loan where the business owner would make month payments on the entire amount borrowed, likely at higher interest rates.

Tags: ,

Read more

What’s the Best Way to Compare Business Loans

Hint: If You Can’t Get One from a Bank then You Can’t Compare Them It’s difficult to compare the drudgery of working for someone else with the thrill of being an entrepreneur. People who have not done it will never understand those who have. By the same token, if you are trying to find the […]

Tags: , , , , , , , ,

Read more

Why Are Small Business Loans from a Bank So Hard to Get

In business, it’s great when a bit of luck falls your way. Still, as every small business owner knows, most victories come from hard work. One of the hardest tasks is trying to get small business loans from a bank. Being an entrepreneur is hard enough without lending institutions making it even worse. Unfortunately, that’s […]

Tags: , , , , , , , , , , , ,

Read more

You Don’t Need to Get a Home Equity Line of Credit (HELOC) for Your Business

Taking out a home equity line of credit (HELOC) for your business puts all that in jeopardy.

In business, you don’t give up on your dream just because you have a nightmare. To save your business, you may feel desperate enough to risk everything, including your home. However, you don’t need to get a home equity line of credit (HELOC) for your business. While you might have to make sacrifices for your […]

Tags: , , , , , , ,

Read more

What is a Revolving Line of Credit

Where is the Best Place to go for a Revolving Line of Credit?

Both business and life revolve around money. You must have a significant amount of it going out and coming in to survive. A revolving line of credit may help your business with this never-ending cycle. In order to grow, your business must move. There is action and chaos and decisions which have to be made […]

Tags: , , , , , ,

Read more

Who Needs Factoring Services

For an entrepreneur who needs factoring services, financial troubles can simply be a sign of better things to come.

They say that all a person needs is a hand to hold and a heart that understands. If you are a small business owner who needs factoring services, what you require is cash. When you face struggles and challenges in your business, it makes the victories and triumphs that much sweeter. For an entrepreneur who […]

Tags: , , , , , , , ,

Read more

Quick Line of Credit Quote