A line of credit gives you access to funds up to your credit limit which can be borrowed and paid back multiple times while only paying interest on the money you borrow. This is a flexible and typically unsecured way to borrow money for seasonal businesses or businesses that need help managing cash flow or handling unexpected expenses.
Pros:
Flexible borrowing
Typically no collateral required
Cons:
May have maintenance fee or withdrawal fee
Good credit and consistent revenue required
Best for:
Short term needs
Seasonal business to manage cash flow
The National Funding Advantage
Fast, Easy Process
Simple application process
allows for a loan decision
and funding in as little
as 24 hours1.
Personalized Services
Your loan specialist will help
you secure a small business
lending solution that is
customized for you and
your business.
No-Risk Application
There’s no risk to apply
and no impact to
your credit score.