Life can be difficult to plan for. And when your business begins or expands, you might run into some unexpected expenses. Bank SNB offers a revolving line of credit, allowing your business to borrow, repay and borrow again as cash flow allows – up to the original amount committed by Bank SNB – for those times when the unexpected happens. With a pre-approved, reliable source of funds you can tap into when needed, your business is poised to reach its financial potential.
Revolving lines of credit are a great source of financing for short-term working capital needs such as purchase inventory, accounts receivable support and seasonal fluxes in operation. They offer a variety of benefits for businesses including:
- Interest-only payments
- Convenient direct-debit payment
- Flexibility to repay principal to coincide with cash conversion cycle
- Easy to access
Talk with a commercial banker in your area to explore how a revolving line of credit can help your business.