Asset-Based Loans – Loans secured by company assets, such as equipment or inventory. Benefits: -Access to larger funding amounts based on asset value. -Flexible terms ranging from 6 to 36 months.
Revolving Lines of Credit – Continuous access to capital for short-term business needs. – Benefits – Credit lines up to $5 million – Only pay interest on the amount used – Can be secured by accounts receivable or inventory –Eligibility Criteria -Credit Score: 600+ -Time in Business: 1+ year -Revenue Requirement: $10,000+ monthly revenue -Collateral: […]
ESU-Global discusses Business Lines of Credit: Initial Draw Downs and Financing Options Understanding why business lines of credit may necessitate an immediate initial draw down is crucial. ESU-Global is committed to educating our clients and partners and felt it important that comparing the advantages and disadvantages of business lines of credit against business term loans and working capital […]