Advantages of an ALC Commercial Line of Credit:
- Access funds when you need them
- Only pay interest on funds you use
- Flexible terms
- Extend your limit and re-draw
Business Line of Credit on your Terms
Access to the funds you need when you need them through a pre-arranged and agreed upon lending limit. With this form of financing you only pay interest on the funds you use. Perfect for a growing business!
When you find your balance running low, and you need access to money, consider a revolving line of credit. It allows you to pay for business expenses that you don’t have the cash for through a lending agreement with an approved limit. See how a business line of credit facility helped Sharleen take advantage of a business opportunity.
Case Study: Sharleen’s Mediterranean Restaurant
Sharleen’s Mediterranean restaurant and entertainment venue was breaking sales records and had lines out the door night after night. A local magazine had just published an article raving about the restaurant and Sharleen expected even longer lines going forward.
Forecasting booming sales Sharleen had to ramp up inventory, hire additional staff, and rent one-hundred tables and chairs over the month to prepare for additional customers. Sharleen’s business was doing well, but she didn’t have the extra funds lying around. She turned to a flexible business line of credit to solve her problems. She applied with ALC Commercial and was given access to funds instantly allowing her to handle the surge in business.
Through her arrangement with ALC Commercial she was able to access up to the approved limit any time without having to renegotiate her contract. Sharleen’s business began to hit its stride and with her newly granted access to funding, on her terms, she was able to adapt to the market and grow her business without zeroing out her bank account.
Finance for New Business Owners – No Credit Check Application!
Set Up a Line of Credit
To arrange a business line of credit, or similarly a working capital loan, contact ALC Commercial and our friendly staff can help you set it up. The process is quick and easy and will give you fast access to cash when you need it.