5 Major Benefits of a Business Line of Credit

A business line of credit is like a financial safety net for your business. It’s there if you need it, but you’re under no obligation to use it. You can tap into your credit line to cover almost any small business expense at the drop of a dime. 

Like a credit card, a business line of credit provides companies access to a fixed sum of money that is always available to draw upon. At Fundible, we offer revolving credit lines which means you get the ability to use as much or as little of the money as you need. You can use the funds as often as you’d like until you’ve reached your credit limit.

Here are 5 Major Benefits of a Business Line of Credit:

  • It’s Flexible

Once you’ve been approved for a line of credit from Fundible, you have carte blanche to use the funds on whatever business expenses you’d like. Seize a lucrative opportunity, purchase new equipment for your business, or use it for something entirely different  — the choice is yours! As a bonus, after you’ve paid the funds you’ve used back, you can use them again and again.

  • You’re Rewarded for Paying It Off Early

One of the major benefits of a business line of credit is that if you pay it off early you only pay back principal, and the interest stops accruing. 

  • Money is Available 24/7

Get peace of mind knowing that funds are always available to use whenever you need them. You can use your line of credit if an unexpected expense arises, if you need funds to purchase inventory, or if you’re struggling to meet payroll. Any time cash flow is tight, a business line of credit will allow you to have immediate cash at your fingertips day or night. 

  • It’s Affordable

With a business line of credit from Fundible, you only pay interest on the funds you use. Plus, you’re only required to make payments when and if you use the money and rates start at only 1%/month. 

  • It’s Easy to Apply for

Our business lines of credit offer you strategic financing outside the lengthy and rigorous process you would find at a traditional bank. Applying for a business line of credit couldn’t be easier. Simply apply online in under 2 minutes by answering a few quick questions. Once approved, you’ll receive funds within 24 hours! 

What to Expect from a Fundible Business Line of Credit:

✅Limit up to $250,000

✅Rates start at 1%/Month

✅Revolving term up to 24 months

✅Draw funds when you need them

✅Only pay on what you use

✅Same day approval and funding

✅No pre-pay penalties

At Fundible we believe that every business is distinct, and your financing should be too. Our discovery process allows us to identify your needs as a business owner, find all possibilities available to you, and present you with the best ones. We let you decide which program best suits you and your business. That is how we can provide tailored fit financing for any industry with any credit profile! 

If you’d like to learn more about how a business line of credit can help your business, contact us today at (855) 784-0008 or apply today to get started!