Which type of financing should I take out?

Which type of financing should I take out?

A line of credit is a flexible form of short-term financing. You have a set amount of available credit which you can access as you need. With a business line of credit, you do not make any payments or pay any interest until you actually use the funds. A line of credit is ideal for unexpected expenses so that you don’t have to rely on cash flow when emergencies arise. For instance, having to replace quick Pelham payday loans a major piece of equipment or offsetting a seasonal decline in revenue. A line of credit could be in the range of $5,000 to $500,000 or more. When you apply through Funding Circle’s network of lending partners, this range is $6,000 to $250,000. Read More