Unsecured Business Line of Credit
Draw whenever you want, pay only for what you use.
In today's fast-paced economy, there are many demands for small and mid-sized businesses. Concerns with paying vendors, purchasing new equipment or materials and the constant requirement to cover payroll. A line of credit offers you peace of mind by having money available for any business expense. Draw as little or as much as you want from your available credit. Your credit line replenishes as you make repayments.
Get the security of a true revolving line of credit
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Application process requires relatively little paperwork and a simple application to start.
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The underwriting and approval process are designed to provide business owners quick answers.
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Once approved, business owners have their funds in as little as 24 hours.
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Draw funds from your computer whenever your business needs an influx of capital.
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Credit lines up to $250,000 (unsecured) and $5,000,000 (secured).
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Available credit replenishes as you pay.
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Less stringent credit requirements than a bank.
Revolving credit is a flexible method of borrowing money for your business. Instead of borrowing a fixed amount of money all at once, revolving credit allows your business to borrow working capital in increments that you need, up to a pre-approved limit. You make payments on a regular, predetermined schedule, and you can borrow or use more as your principal is paid down.
This type of financing is an important way for small business owners to keep operations going smoothly with the ups and downs of sales, seasonal changes and occasional cash flow shortages. Getting revolving credit can enable your business to pursue opportunities quickly, even when you don’t have funds available to invest.
As long as you make your minimum payments and avoid taking on too much debt for your business to handle, revolving credit can be an effective cash flow management tool for your business.
The clients of Webb Capital Advisors use their flexible line of credit to offset fluctuations in working capital when your expenses stay constant. It will give you access to funds to continue to pay bills on time or purchase additional inventory if needed. Typically, lines of credit are best used for short-term working capital needs like covering payroll when you hire new employees; purchasing supplies or taking on a new or large project; or offsetting seasonal lapses in cash flow. If you know you'll need funds soon but you’re not sure exactly how much you'll need or when, revolving credit can give you the flexibility to navigate gaps in cash flow.