A business line of credit gives your business access to cash, whenever you need it. The main advantage of a line of credit is flexibility. Funds are always available when you need them. Business lines of credit are great 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.

• No collateral required- A house is not needed
• Business line of credit is unsecured
• Based on prime rate plus a spread determined upon approval
• Interest and fees may be tax deductible

• A business that has been established for at least 2 years
• A satisfactory business and personal credit history
• A profitable business with sufficient cash flow to meet both new and current financial obligations
• Completed application
• Financial statements and tax returns are normally not required, but may be requested prior to final approval