Increase financial flexibility with a working capital line of credit

Lines of credit provide a vital cash boost when you need it the most, making them ideal for seasonal businesses that experience revenue fluctuations. Unlike term loans, lines of credit allow you to access funds as often as needed, and repaying into the line frees up credit for future use. Similar to business credit cards, they offer flexibility, but lines of credit typically come with lower interest rates and higher limits, especially when secured with company assets. Secured lines allow lenders to base limits on asset value rather than credit scores, though unsecured lines are an option if your credit qualifies. Seasonal businesses particularly benefit from lines of credit as they help smooth the ups and downs of cash flow, ensuring expenses like rent, utilities, and payroll are covered year-round. Ask us how a business line of credit can boost your operations today!