WHAT YOU NEED TO KNOW ABOUT THEM TO HELP YOUR BUSINESS GROW

TYPES
Secured lines of credit require Collateral.
Unsecured lines of credit will not force you to place a lien or collateral to ensure the loan.

CASH DISBURSEMENT
This allows you to have access to ready funding at your own time you only place within a credit limit but as soon as you pay any capital balance you’ll be able to see the available amount and draw from it again however you want.

WHY SHOULD I GET ONE?
Cash flow is always a good thing, every business costs some occasional cash flow problem or seasonal strikes, without having to ask family or friends for a high amount of money you can keep it open as an option. A-Line Of Credit can solve these issues along with many more, keeping your business growing and allowing your business to stay open for much more time.
Let's say you don't “really” need it right now to keep afloat, not only is that not true but also unrealistic if you want it to grow your business, see it as a growing opportunity! Having working capital can work in your favor if you want to win that special building or equipment you want, this will also help you stay competitive.

HOW TO USE IT?
The main purpose of opening a Line of Credit is to have free access to your working capital, you can use it freely to expand or acquire some needed resources to stay open.

IN WHAT TO USE IT? - Purchase inventory
- Refinance debt
- Equipment
- Marketing
- Day-to-Day costs
- Payroll
- Taxes
- Franchising
- Inventory
- Payroll

Here at LendiGate, we hope this information has helped you understand more about what you can do and how to do it.