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The Credit Lines Advantage for Small Businesses
Credit Lines, and especially an unsecured line of credit, is a perfect solution for an expanding your business.
By obtaining unsecured Credit Lines, you are in essence enjoying the benefits of an unsecured revolving loans – with a big advantage of flexibility and the potential of an equally large advantage in savings of interest payments.
Unlike business loans, where you borrow an agreed upon amount of funding and pay interest on the entire borrowed amount, business lines of credit offer you the flexibility of accessing as little or as much as your total financing that you need – at the moment – and then paying only the interest on the money that you have actually “drawn down.”
Which makes better financial sense? It depends. A single large expenditure often requires a business loan. For example, obtaining a $100,000 business loan would require interest payments on the full $100,000 borrowed (whether immediately expended, invested, or left remaining in your checking account) from the date you signed the loan instrument.
On the other hand, a series of payments or investments spread over a period of time might best be served with business lines of credit. If your plans called for the expenditure of $20,000 a month over a five month period, then the same $100,000 as Credit Lines would enable you to access just the $20,000 needed per month – and you’d only be paying interest on the entire $100,000 after the fifth month. In this case, Credit Lines are the way to go.
With no upfront fees, no application fees, no hidden charges and a 100% Approval Guarantee, Accommodative Financial Solutions is the best loan consulting company to help you obtain an unsecured Credit Lines, or other business lines of credit, loans, or financing for small businesses and home businesses.
Unsecured business loans & business lines of credit from $10,000 to $150,000 are a specialty at AFS. Generally, with your good credit, all that’s needed is a quick five minute application for an unsecured Credit Line with no required collateral, and based only on your stated income and with no documents required. Approval may be yours within 24 to 48 hours. We can help you with personal loans too.
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