Our business line of credit financing allows access to financial resources so you can manage your business operations smoothly.
Managing the expenses of your day-to-day operations is undoubtedly a daunting aspect of running a business, whether it’s a new venture or an established one. From payroll to inventory, your existing capital might not be sufficient to pay for these expenses. This is where a business line of credit loan comes in. It provides easy and flexible access to funds whenever needed.
Unlike other loans where you receive an upfront lump sum, LOC financing is a revolving line of credit.
It’s a credit card for your business—offering access to a predetermined amount of money that your business can use on an as-needed basis. Plus, you only need to repay the amount you borrow.
How Our Business Line of Credit Financing Can Help You
Unless you’re living in an ideal world, seasonal fluctuations and cash flow gaps are usual for all small to medium businesses and even large corporations. Today’s economic challenges and growing competition in NYC have made it difficult for companies to survive solely on their income and without an additional funding stream. Instant line of credit loans provide a revolving amount of money that you can access anytime to cover unexpected financial needs.
Not having adequate funds when you need it can lead to major interruptions in your business. Therefore, we offer business lines of credit loans for entrepreneurs so they can enjoy easy access to money even before they need it. Waiting until your business is in a financial crisis and then applying for a loan is not a viable strategy and comes with many issues.
LOC financing is a proactive approach and a smart move for any business. It gives you peace of mind that you have secured funds for emergencies and unexpected financial needs. Whitestone Fund has years of experience providing funding solutions in NYC. Our personalized approach and transparency make us one of the most trusted financing firms. Businesses can count on us for their projects and other funding needs, and we don’t mile going the extra mile to help them succeed.
Secured vs. Unsecured Business Lines of Credit
When it comes to LOC financing, businesses have to choose between secured and unsecured business lines of credit.
To acquire a secured business line of credit, you have to use your business assets as collateral. So if you default on your loan repayment, the lender can seize the collateral. On the other hand, unsecured business lines of credit don’t require any collateral and work as any credit card does. This is why most businesses opt for unsecured LOC financing. Most lenders have stringent terms when providing an unsecured LOC loan, but our loan providers in NYC offer flexible terms and an easy application process.
Our team has set up convenient payment T&C for LOC loans, without hidden fees. Our goal is to build long-lasting, positive working partnerships with our clients so they can count on us for all their projects. We value confidentiality, honesty, and open communication— working with us will be hassle-free and convenient.
Whitestone Fund eliminates the traditional, rigid lending processes by providing fast and secure solutions. We don’t make empty promises, and our 95% of loan acceptance rate is a testament to it. Get a fast line of credit loan now by reaching out to us. We also offer other solutions like cash advances and small business loans to provide you with a comprehensive funding solution. You can get in touch with our experts to discuss your needs and get a business line of credit that works for you.