Business Line of Credit Loan
One moment you’re riding high with sales rolling in right, left and centre. The next month there’s nothing but tumbleweed riding through your invoice system. This boom or bust cycle can be exhilarating… you know the money is coming but it can make day-to-day life tricky.
Don’t feel like you’re all at sea with no way to get the cash you need to tide you over until your ship comes in. A business line of credit loan is just that – a financial lifeline that you can access as and when you need a quick injection of extra funds.
A flexible business loan you can access when your cashflow fluctuates
You have a set limit and can borrow up to that amount, on demand. And the better news? You can take the cash as one lump sum or simply make a smaller withdrawal to cover your most pressing expenses as and when you need it. It’s often cheaper than an overdraft and will usually give you more cash at the ready than a credit card. Plus, once the facility is set up, it’s there to use when you need it.
Why choose Punk Business Loans for Your Business Line of Credit?
Fast, flexible funding
When you apply for a business line of credit, we’ll usually give you an answer in 48 hours.
No credit checks
We’re not a bank and we don’t follow their same complicated procedures. Our business line of credit loans are asset backed, so we don’t need your credit history.
Use the money for whatever you want
There’re no strings attached to our line of credit loans. You can access your funding pot when you need to and use it for whatever you want. No questions asked.
Repay and reuse
Repay what you’ve borrowed, and your line of credit loan will reset. So you can continue to access funds as and when needed.
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Business Line of Credit FAQs
What is a business line of credit?
A business line of credit is a flexible, short-term loan. Think of it as a funding pot with a specific amount of cash available. You can access that cash as you need it to run your business. Dip into it to pay a creditor, buy stock, or cover a marketing campaign. The choice is yours.
How does it differ to a credit card?
In practical terms, a business line of credit can have the same impact as a credit card, but it will often put a larger amount of cash at your disposal. It’s also quicker to apply for a business line of credit with us than go through the tedious process of applying for a business credit card.
How does a business line of credit differ from a business loan?
Both a business line of credit and a business loan will give you a fixed amount of cash available. A business line of credit gives you flexibility to use what you need, rather than access the full amount.