Business Line of Credit
What is a business line of credit?
This is a flexible form of financing for a small business. One of the benefits is that you can access a predetermined amount of funds once approved and this can be on an as-needed basis. This is not like a traditional loan, but instead, a line of credit that is revolving. Once you pay it back or a portion of it then you can borrow again up to the limit of your credit. This is a tool that a business can use for managing cash flow fluctuations or any unexpected expenses. Normally these types of business loan tools have a variable interest rate that can change over time in some cases. This can be due to market conditions or policy standards set by the lender. The interest is not charged on the entire amount of the loan but just what is borrowed. To qualify for a business line of credit there are some standards that have to be met such as good credit from the business, a steady cash flow to prove that it can be paid back, and lastly is a business plan that would match the needs.
Why Use a Business Line of Credit?
Growing a business isn’t always easy. That’s why we offer a simplified, one-stop shop financing solution. No matter what your business needs may be, we are here to help you grow. At GSAGE Capital, we specialize in straight forward business financing made effortlessly fast.
Our financing options are expertly crafted to help you accomplish great things. The GSAGE Capital team understands the complexities of owning a business. Our business loans are designed to meet your specific needs. Whether you are interested in purchasing an existing business, starting a new business, working capital, location expansion, equipment or debt consolidation, we offer solutions to help your business expand.
Time is of the essence in the world of business. We realize no small business has the time for a slow-paced approach that traditional financial institutions tend to rely on. Our funding provides new opportunities to develop your business, expand into new markets and increase revenue.
Benefits of an Unsecured Business Loan
Our business lines of credit are helpful for offering funds quickly, with the safety and security you can count on. The average lines of credit are between 1-2.5% over prime. Serving large and small businesses alike, we proudly offer $250,000 to $1M + in credit, depending on revenue and credit profile.
Our lines of credit are designed to help you meet your objectives. Whether you are searching for the best pricing, pre-payment plans or short-term loans, GSAGE Capital has you covered.
