Allied Financial provides working capital lines of credit ranging from $25,000 to $2,000,000 to business-to-business companies looking for the financial flexibility and freedom they need to support and grow their business. Read on to learn the top three reasons why businesses open a working capital line of credit with Allied Financial Corporation and what distinct advantages it offers them over other financing options.
1. Financial Flexibility for Your Business
When your business obtains a working capital line of credit, you can spend the capital whenever, however, and wherever you need to benefit your company. This type of credit does not have to be used until your business needs it – so you don’t pay interest or fees for financing that you haven’t used yet. While we always aim to have everything you need and more available to you, we don’t loan you out a larger chunk of money than you need and then charge you interest on it like a lump sum loan from other lenders or institutions. You only use the money you need, when you need it.
2. Protect Against Cash Flow Issues
Every business needs a steady stream of capital to cover payroll, rent, inventory, and other costs. A working capital line of credit gives your business control of its finances in case of business ebbs and flows. It offers the ability to take advantage of avenues of business growth or the security to cover unexpected costs and to keep the business running when sales are down, invoices are not paid, or a crisis occurs. If your business is seasonal, a line of credit can keep your business flowing year-round and maintain a steady cash flow.
3. Easier and Cheaper Access to Cash
If your business needs cash on hand, a working capital line of credit offers easy and quick access to cash. Your business can access cash at any time by transferring funds into your business checking account, as long as the amount is at or below your borrowing base availability.
In comparison, a business credit card only allows cash withdrawal of a certain percentage of the credit line. Additionally, most of the time the maximum amount of a credit line approved by a credit card company is not adequate enough to cover a company’s realistic overall needs.
Learn More About Working Capital Lines of Credit from Allied Financial Corporation
At Allied Financial Corporation, we provide business financing with transparent terms, accurate information, and superior customer service. Our clients only borrow what they need, when they need it and only accrue interest and fees when the credit line is in use. Your money works harder and faster for you with a line of credit from Allied Financial Corporation.
If you are interested in a working capital line of credit from Allied Financial, we would love to hear from you. Fill out our online contact form and one of our experienced financial representatives will get in touch to begin our easy and fast approval process.