The American economy depends upon small businesses to achieve and to maintain economic growth. In turn, their growth and expansion relies on their ability to acquire and maintain certain levels of working capital. For many small business owners, this is no easy feat. With a true revolving small business line of credit that offers immediate and convenient access to capital, business owners get the ability to make quick and unexpected purchases as well as adapt to any kind of situation on the fly.
What is a Small Business Line of Credit?
A popular funding choice for many small businesses is a small business line of credit. These lending instruments are similar to working-capital loans in that they provide small businesses money for day-to-day cash-flow needs. The loans are available for as short as 90 days to as long as several years.
Benefits of an Unsecured Business Line of Credit
Some of the benefits to small business credit lines is that these allow business owners to have access to capital on demand. They do not have to draw out and use the entire amount at once, over time or even use the entire amount during the life of the loan. And, borrowers only pay interest on the amount they use. However, traditional lenders such as banks have business line of credit requirements that disqualify many small business owners from obtaining needed funding. Due to restrictions imposed on that industry, the approval process timeline is usually several weeks and once approved, funds are not immediately made available to borrowers.
Easy Small Business Line of Credit Requirements
Small business owners need not be concerned about National Business Capital’s business line of credit requirements. Processing delays and prohibitive loan decision criteria are not issues with National Business Capital. As an alternative lender we utilize realistic underwriting practices and make our small business line of credit loan decisions within 24 hours. Once approved, funds are deposited in client accounts within days, not weeks or even longer.
Small Business owners have benefitted from establishing their credit lines through National Business Capital for years. We have helped business owners obtain hundreds of millions of dollars so they could make and realize discounts for business contingencies: bulk purchases, short-term cash flow, obtain working capital quickly and to compensate for slow account receivable turnarounds. Our funding allowed our clients to take advantage of exciting prospects with only a brief window of opportunity and even to pay their taxes on time. Use a National Business Capital business line of credit to improve your business’ cash flow, borrow according to seasonal needs and eliminate the stresses of time gaps between capital needs and revenue realization.
When Banks Say “No,” We Say “YES”
Small businesses nationwide have turned to National Business Capital to resolve their business financing issues quickly and efficiently. Our “no upfront fees” policy is among many attractive features we provide to ensure our clients’ businesses achieve their business goals. We approve over 90% of the applications that we receive, and 70% of our clients had previously been turned down by their banks for loans. Regardless of your credit history, even if you have an open tax lien, our Business Consultants are ready and eager to speak with you. Together we will determine the best funding options possible to resolve your small business financing requirements.