As a small business owner, you need to stay focused on managing the growth of your company and satisfying the needs of your customers. In addition to making important business decisions, you must also plan for and address the financial challenges associated with growing your business.
When you’re presented with new opportunities to develop your business, a lack of necessary funding shouldn’t prevent you from leveraging them to benefit your company. That’s where ValueOne comes in.
ValueOne is dedicated to helping small business owners succeed by connecting you with a wide array of critical financial and business services. Because we know the process of applying for and obtaining business capital is often confusing and difficult, we’ll help you every step of the way so that your business can obtain the funds it needs to thrive.
Whether you need money to fund business improvements or cushion your company during an emergency, a small business line of credit can provide you with the resources you need at a rate you can afford.
What is a Business Line of Credit?
A business line of credit (LOC) is an attractive form of flexible financing that gives you access to the funds to support a variety of business needs. Like a traditional term loan, a business LOC gives you access to a pre-defined line of credit in the form of working capital upfront that you repay over a set period of time. However, a business LOC offers much more flexibility compared to other financial products.
A business LOC is similar to a personal line of credit: you are given a set amount of funding as a credit limit, and you can draw on those funds as you need them for various day-to-day business needs. Instead of receiving a lump sum as you would with a term loan, you only borrow the amount that you actually need at any one time, meaning you only make payments or incur interest on the amount of money you have outstanding at any one time.
Ready to grow your business?