Business Line of Credit and Loan to Expand your Business - Biz2Credit
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Business Line of Credit

Business Lines of Credit can help bridge the gap during seasonal lulls and other lean periods. A business line of credit can ensure that you always have the capital you need, when you need it.

Business Line of Credit

Biz2Credit can help owners of small companies to secure business expansion financing and has enabled thousands of business to obtain startup loans, expansion loans and other types of funding. One loan application matches borrowers with our network of funding sources. Additionally, our team can help anyone who needs help managing cash flow and day to day operations.

Get easy access to cash when you need it

Biz2Credit facilitates business lines of credit for your operational needs so that you have ready access to cash when you need it. Funds can be used for a variety of purposes, from meeting short-term cash flow needs and adding staff to purchasing inventory.

In order to receive a business line of credit loan, you must have a history of profitable operations and demonstrate a positive cash flow. Maximum lines of credits are determined on a company's revenue and cash flow in the past, the present and in the future. Similar to credit cards, borrowers are approved for a designated amount of money and can borrow as much as they want as long as they repay their debts under the terms of the loan.

Acquiring a business line of credit can be a game-changer and is a prudent financing option for the following reasons:

1. Cushion Seasonal Sales Lows

Businesses with varying revenue streams need capital during slow periods to operate efficiently. For instance, retail stores flourish and generate much of their revenue during the holiday season, but need to stay financially afloat in the slower periods of the year. Predicting the degree of a seasonal downswing is difficult, making 'term loans' an impractical business financing solution. Fortunately, with a business line of credit, borrowers only have to pay interest on the amount used.

2. Ease Your Payment Cycle Cash Crunch

Businesses with long accounts receivables often experience cash shortages that impede business growth and depress service standards. A cash infusion can help solve these issues. For example, in the IT staffing industry, companies need to spend a lot of time (sometimes up to 30 days) and money upfront to recruit, train and deploy personnel. Generally, companies do not receive payment for 90 to 120 days. The company is forced to cut costs, like training programs, affecting the overall service level. Lines of credit backed by accounts receivables -- also known as accounts receivables financing or accounts receivables factoring -- can fund up to 90 percent of the receivables, depending on the creditworthiness of the business customer base.

3. Cost Savings Associated

Entrepreneurs can use business expansion loans to take advantage of discounts available through bulk purchases or cash advances. For example, wholesale distributors of wireless pre-paid phone cards need cash for buying minutes in bulk from telecom companies. Paying upfront can earn the distribution company a 3 to 5 percent discount on the cards. The need for working capital arises when retail customers pay the distributors over a period of 14 to 21 days. Using a business line of credit as working capital can directly improve a company's bottom line. Find out how you can get a loan to expand your business and contact a Biz2Credit consultant today by calling (212) 644-4555 or email info@biz2credit.com.

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Sean Cassidy
"The ease of securing a loan and getting funding with Biz2Credit was easier than buying a car!"

Sean Cassidy Boutique Owner

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