One of the best ways to manage cash flow is with a line of credit that can be used as you see fit.

A business line of credit works a lot like a credit card. A lender extends credit, you get to use the funds, you pay the funds back with interest. One key difference is that the business line of credit gives you access to working capital, i.e. cash, that can be used in more ways—like to pay rent or creditors who don’t accept credit cards.

A revolving line of credit allows your business to borrow, pay back and re-borrow money as often as needed, up to the credit limit. You’re in control of how much you draw and when. And, you only pay interest on what you use.

Best uses for a business line of credit
For every business, working capital gets tight at some point. Maybe a supplier is slow in paying and you need to purchase new materials to fulfill your next big order. Or maybe an unexpected expense comes up, like the need to replace a critical piece of equipment. A business line of credit is one of the most flexible financing tools because you can use it any way you see fit.

A business line of credit makes sense as a financial strategy when you need to:
• manage cash flow
• buy inventory or supplies
• cover surprise expenses
• make equipment repairs
• pay contractors
• cover payroll
• pay seasonal expenses

An added benefit
Responsible use of a business line of credit helps build your credit score. It’s an opportunity to prove that your business is a trustworthy borrower, which can help you access other loans. A good track record with a business line of credit will also enhance your credibility with future investors.

Advantages of a Consumers business line of credit
When you apply for a business line of credit with Consumers, you’ll talk with local loan officers—people who live and work in your community. They’ll take time to learn about your business and guide you through the application process.

In addition, you’ll get:
• easy access 24/7 to funds through Online Banking
• competitive pricing based on the prime rate
• low monthly payments with interest-only options
• hassle-free renewals

Apply for your business line of credit

To get personalized help with a business line of credit, call us at 800-991-2221 to talk to one of our commercial loan officer or apply online now. We’ll help you get the cash you need to keep your business running well and reduce your stress.

Do you have business banking questions? Contact our knowledgeable commercial loan officers or call 800-991-2221. We’re here to help grow your business!

Federally insured by NCUA