Having enough working capital is essential to leveraging your companies progress. Do you know where to turn when the funds are running low and you need that extra help to breathe easier?
- Business Line of Credit up to $500,000
- No renewals
- No resting requirement
- No non-usage fees
- Low annual fees based upon the amount of Line of Credit
Lease Line of Credit:
A lease line of credit is a great option when you have a project that will finish over an unspecified amount of time. You can take out a Lease Line of Credit and make payments only on the funding you are using at the time.
Each Line is looked at individually. So rather than making bigger payments over a shorter period of time, you can disperse the money as needed on different phases of the project.
You can leverage any one of your current assets or equipment and turn that into working capital. You sell your asset to the leasing company and lease it back for a term (usually between 24-60 months), allowing you to have the money you need while also allowing you to continue to use the equipment as you pay it off. Make sure you specify the type of lease you are getting into for the end of term buyout.