ID of Level 3 Parent: 1143

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

 

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