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Lines Of Credit

Seasonal sales cycles can leave your business in a financial slump during the slow months. Even out the cycle with a line of credit. Revolving credit can solve many business short term borrowing needs.

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Lines of Credit

What are Lines Of Credit?

Business lines of credit are one of the more sought after loan types because of their flexibility. A line of credit comes from a bank or private lender and shares many features with business credit cards, but differs in some significant ways. Business lines often have a lower interest rate because they are vetted against your cash flow, credit score and demonstrated ability to pay. They can be applied to any legitimate business cost, including payroll. Business credit cards, on the other hand, can only purchase goods and services from other providers.  Business credit can be unsecured, protecting the assets of the business from seizure in the case of default, or they can be secured against hard assets for lower interest rates and higher borrowing amounts.

Traditional and Non-Traditional Lenders Available to you

Amount Of Capital Accessible Through Network

Quickest Time To Funding Commitment Through Motiva Capital

Interest

When you open a line of credit, you’re only required to pay interest if you have a balance on your account. In most cases, you can leave the account open with a zero balance for no charge.

Terms

Loan terms on a line of credit are longer than on a standard term loan. Because you can borrow and repay frequently, the term lasts as long as the account is open. There’s no need to stay locked into a long-term contract.

Payments

You only need to make payments on what you borrow, not on the maximum limit of your loan. Keep ongoing monthly payments going to stay in good standing with the lender. If you haven’t taken money out of the account, you don’t need to pay.
Lines Of Credit

F.A.Q.’s

When are Lines of Credit not a good fit?
If you need to fund a large, one-time project, a term or bridge loan could be a better fit than a line of credit. When you don’t need access to extra cash regularly, let us help you explore alternative financial solutions.
What if I open a line of credit but don’t use it?
Lines of credit are a good backup plan that you can keep in place for emergencies. That’s because you can keep one open without using the balance. While some lenders charge an annual fee, you won’t need to make interest payments if you haven’t taken anything out of the account.
What is a secured line of credit?
A secured line uses the value of an asset as collateral. Assets can be real estate, equipment, and even invoices. These lines typically have higher credit limits.
What can I use a line of credit for?
Unlike many loans, there are no restrictions on the use of your line of credit funds. Use them for travel, supplies, payroll, redecorating, and more.

Lines Of Credit

Advantages

Only pay interest on your remaining balance.
Borrow as often or as little as you need.
Keep a line open for emergency expenses.
Get a lower interest rate by securing a line of credit with real estate or equipment assets.

Motiva Capital

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Motiva Capital is your bridge to capital. Work directly with brokers who have been in your shoes. Let us show you what we can do for your business.

52 Tuscan Way Suite 202 Saint Augustine, Fl 32092

Office: +1(904) 404-8904
Fax: +1(786) 358-6083.

Support@MotivaCapital.com