Does your small business find itself in need of extra funding every so often? Your initial response might be to pursue a small business loan, but this might not be the most appropriate solution. Maybe you only need to make a single, quick investment, one that isn’t worth the high interest rates or fixed, monthly payments commonly associated with business term loans. Maybe you’re looking to cover a regular business expense and will not have the money to do until a week or two after it’s due. Situations like this can be solved by a Business Line of Credit.
A Business line of credit is technically a small business loan but it is very different than traditional business funding programs, with regards to terms as well as when it should be used. Still, a business line of credit’s functions are so versatile, it is utilized by hundreds of industries, from retail to landscaping to auto repair. Our finance team specializes in working with business owners across hundreds of industries. They have invested time in intimately understanding their clients’ businesses. This gives us great insight about what types of business loan programs will, and won’t work for your type of business.
When You Need It, It’s There For You
If you’re like many businesses, you experience seasonality or other cyclical factors that impact your revenue and cash flow. Customer demand can surge suddenly, which creates unforeseen requirements for additional cash flow to pay staff or purchase greater quantities of inventory. To help capitalize on these opportunities, UCS can provide business lines of credit within a few days. This flexibility in both funding and repayment helps our clients focus on maximizing sales and profitability, while avoiding lost opportunities due to insufficient access to short term finance needs. Contact us today for your FREE business funding consultation!