A lot of small businesses are financed by maxing credit cards. But that can be expensive money. A better alternative, we believe, is a BankLiberty line of credit. It gives your business access to instant financing at a reasonable rate whenever you need it, up to a pre-specified amount.
The biggest advantage is flexibility. The money’s available whenever you need it, but you pay no interest until you draw on the line — which makes it great for emergencies. The line offers multiple repayment options, and a variable interest rate.
Business lines of credit can also be vital for a variety of ongoing or short-term financing needs, such as improving cash flow, acquiring seasonal working capital, purchasing inventory, materials, or equipment, and financing accounts receivable.
