BE PREPARED FOR ANYTHING
A small business line of credit is similar to a small business credit card. You get access to a certain credit limit that you can use as needed. You don’t have to use it right away and interest will only begin to accrue once you borrow from your credit line. Tap your credit line, make payments, and borrow again. Commercial lines of credit offer flexibility to businesses dealing with seasonal cash flow shortages and other challenges.
What can business lines of credit be used for?
Unsecured commercial lines of credit are not designed for a specific purpose; they can be used for any business expense. That’s why business credit lines are a great option for small businesses that need help managing cash flow.
Funds from your business line of credit can be transferred into your business checking account and used to even out or cover gaps in your business cash flow. The most common uses for business lines of credit are operating expenses like supplies, payroll, and inventory. Cyclical businesses also rely on credit lines to provide working capital during the off-season.
Open a line of credit for your business!
Founded on invention and built on community support, Horicon Bank continues to innovate the way we do banking. And our commitment to the community has only grown stronger. With better banking options for our customers’ lives and a strong tie to our community roots, Horicon Bank is your digital community bank! To open a business line of credit, contact our team of business lenders or visit your nearest location in Appleton, Beaver Dam, Fond du Lac, Green Lake, Horicon, Iron Ridge, Markesan, Mayville, Neosho, Oshkosh, Randolph, Ripon, Waupun, or West Bend, WI.