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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?

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Business Line of Credit (LOC)

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?

We add Value by adding to your working capital.

Additional funds enable small business owners to open new doors, whether they are starting a new business or growing an existing one. We offer a range of working capital options that add value to small and mid-sized businesses across the country.

Advantages of a ValueOne Business LOC

Developing your small business can often require large financial investments on your part. However, few business owners have the resources to cover these expenses out-of-pocket. ValueOne business finance experts are available to walk you through all of the steps required to apply for and secure your own personalized commercial line of credit.

Here are some of the advantages of a commercial line of credit:

Due to the convenience and flexibility they provide, business lines of credit can be used for a wide array of business purposes, from equipment upgrades to operating expenses, to covering short term receivables and overhead funding costs.

A business LOC is considered a type of “revolving credit,” as you can tap into your funds over and over again. No matter how much you draw (within the limit, of course), once you have paid it off, you have access to those funds again without having to apply for another line of credit or separate new business loan.

Compared to other financing options, a business LOC can save your small business money in the long run. With this option, interest rates and closing costs are often lower than with traditional business term loans, as long as you don’t make late payments or exceed your credit limit.

Interest rates for a business LOC are also lower than those required by business credit cards – plus there are no additional fees for cash advances, balance transfers, or strict monthly minimum payments.

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Is a Business LOC Right for Your Company?

At ValueOne, we understand that every business has its own unique set of needs and expectations. Whether you own a retail store or provide consultation services, we get to know every aspect of your business so that we can help find the right business loan or line of credit that is the perfect fit for your organization and financial situation.

If you have good credit and are looking for a financial cushion, a business line of credit may be right for you.

Why Choose a Business LOC

A business line of credit is best for small businesses that need short-term financing. Often referred to as an operating line of credit, it is most often used to cover operating expenses, payroll, and temporary cash flow shortages.

Although a business LOC can be used for long-term investments, doing so can tie up your line of credit and limit your access to funds in case of an emergency.

Applying for a Business LOC

Applying for business loans and commercial lines of credit can be time-consuming and nerve-wracking, but ValueOne makes it easier with the necessary support and preparation you require every step of the way.

There is no one-size-fits-all solution when it comes to business loans. Every situation is dependent on your specific business and your financial goals.

Your loan or credit line approval, as well as the maximum amount of funding available, interest rates, and repayment terms, is decided based on your company’s revenue, your credit rating, and repayment history. Business lines of credit can be unsecured or secured – meaning they are backed by collateral like inventory or accounts receivables.

To receive an unsecured line of credit, it is best to apply before you need it, so that you can prove that your company has a steady cash flow. For longer terms, a good credit rating and solid financial history are needed.

If you are interested in securing funds to help your small business operate and grow, contact ValueOne today and find out more about our business line of credit options.

Call us at 855-960-5315 or complete the form below to take the next step toward your business goals.
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