As a business owner, you may sometimes need help funding short-term working capital needs. This is a great opportunity to be introduced to, and to consider, a business line of credit. You’ll draw only the amount you need from your credit line and pay interest only on the amount you draw.
The type of business line you may be eligible for varies from business to business. And in most cases, the size of the line of credit is based on the amount of inventory and accounts receivable your business has. *Accounts receivable represents your sales made which have not yet been paid for.