Are You Considering a Business Line of Credit?

Success is liking yourself, liking what you do, and liking how you do it. – Maya Angelou

Does the delay in starting your business relate to denials of financial support from financial institutions such a business line of credit?  Establishing credit for your business helps in protecting your personal credit profile.  Yes, there is a such thing as business credit.  And believe me this is what you want in order to obtain a competitive edge with financial institutions and vendors.  The National Federation of Independent Businesses says, “Think of it as an insurance policy that never needs to be paid until you need it.”

Another concern as a small business owner is the management of cash flow. Once approved for a business line of credit how will your business benefit the most from the cash while ensuring the monthly payments are  handled timely. 

​Here are great tips to consider before deciding to apply for the business line of credit.  Next, visit our website to get started one establishing your policies and procedures to ensure you prepare your support team up for success.

Source:SBA.gov