Working Capital Lines
Working Capital Lines of Credit are perfect for businesses that experience fluctuating cash flows from season to season.
- 12 months in duration, covering a full fiscal year, providing access to funds to cover operating expenses during off-season with principal repayment made from accounts receivable collections during busy season
- Companies have the option to draw on the funds and repay the borrowings multiple times during the commitment period - helpful when a company has multiple business cycles in each fiscal year
- Subject to credit approval, collateral for working capital lines can range from all business assets to unsecured