National Business Capital Business Line of Credit

Draw more cash as you need it with a business line of credit from National. Apply now to get the flexible financing you need as your business grows and speak with a knowledgeable Business Financing Advisor who can accurately answer your questions, explain your options, and work with you from start to finish. A business line of credit gives you access to cash whenever you need it and is an extremely flexible financing option. This type of loan allows you to draw cash from your credit limit as you need it, and only pay interest on what you use. With revolving lines of credit, more cash will become available as you pay it down. Unlike selling equity, getting a small business loan allows you to maintain business ownership, profits and full control. Business lines of credit are the perfect financing tool when your business is in growth mode and you need access to funds. You can also use it to bridge cash flow gaps during seasonal slumps, or as a rainy day fund. There are no restrictions on how you can use it—you can use a business line of credit to cover any costs or opportunities you face.

Business lines of credit function like credit cards, but with a different structure that’s better suited for small business owners. They’re also better for tax purposes—you can write off interest on a credit line, but not for a personal credit card. After qualifying for a business line of credit, you’ll receive a total credit limit. You can draw as much or as little as you need from that total limit in any number of installments, and you’re under no obligation to use the full amount. You can continue to access additional cash as you pay it down. Instead of paying interest on the full credit limit, you’ll only pay interest on what you take. Depending on your lender, you may have a non utilization fee, and may have to pay for the line if you don’t use it. Before signing an agreement, be sure to ask for clear information about any fees. Avoid any agreements without clear, transparent information.