If your business is in need of financing, there are multiple loan solutions available depending on your company’s needs.
A few of the options include:
Line of Credit
A commercial line of credit is typically a revolving loan that allows a business to borrow funds when needed, and pay back without losing the ability to draw the funds again in the future. A line of credit is often a good option for managing the day to day operations and cash flows. Loan terms are typically one to two years, with interest due monthly.
A Commercial term loan is common for equipment purchases or startup costs. The loan is typically paid back via a monthly payment of principal and interest over the course of one to seven years, although repayment may be tailored to meet the unique needs of the business.