Business Line of Credit
Lines of Credit From $30K to $3M For Small Business... Assisting Management for Increased Revenue
BBB offers fast and easy access to short-term financing for your company. Business Lines-of-Credit pay for unforeseen expenses. Lines of Credit For Any Purpose:
Accounting / Bookkeeping
For example, your business may need a Line-of-Credit from $250,000 to $500,000 to better manage payroll, or to purchase inventory that's deeply discounted, or manage seasonal downturns in your business.
A “business line-of-credit", also commonly referred to “commercial line-of-credit”, is a pre-approved amount of money issued by a bank to a company that can be accessed by the borrowing company at any time to help meet various financial business obligations.
Commercial credit is commonly used to fund common day-to-day operations and is often paid back once funds become available. Commercial credit is also used by companies to help fund new business opportunities or to pay for unexpected charges or production costs.
For example, imagine that ABC Manufacturing has the chance to buy a piece of much needed machinery at a deep discount. Let's assume that the piece of equipment normally costs $200,000, but is being sold for only $100,000 on a first-come, first-serve basis. In this example, XYZ Manufacturing could access its commercial line of credit to get the required funds immediately and pay it back at a later date.
Businesses can utilize their line-of-credit facility to pay for most any reasonable business need, thereby allowing them to work through difficult times, such as when their sales are down from their average because of the seasonal nature of their particular industry, thereby allowing them to better manage cash flow issues.
Overall, a commercial line-of-credit provides a company the financial flexibility needed in business to adequately meet unexpected demands or to take advantage of exceptional business opportunities that may come by its way.
So, whatever you may need to build and better manage your business, BBB Commercial Financing Has You Covered.
(Purchasing / Refinancing)
Experts with SBA Lending Programs
5-Minute (AUTOMATED) Pre-Qualification
LOW RATES w/ EXCELLENT TERMS
Regardless of how you may utilize you Line-of-Credit, having reserve cash is always a big plus for any business!
SBA Loans/Grants For Small Business
Congress just passed a $4.5 Billion Dollar Relief Package for Small Businesses, but this money will go fast, so YOU HAVE TO ACT NOW TO GET IT...
Money for the original Payroll Protection Plan (PPP) ran-out quickly, and now many banks and lenders have stopped taking applications, but BBB is accepting New Applications, which will be assigned to the SBA for this next round of relief funding.
This way, you'll get funding faster. That's because you signed-up sooner, and this money is available on a FIRST-COME FIRST-SERVE BASIS, so you'll be nearer to the front-of-the-line when the new relief money is distributed
The SBA has both GRANTS & LOANS for Small Business owners. Loan Interest Rates are less than 1% interest and Grants never need to be repaid.
These special GRANTS provide an "emergency advance" of up to $10,000 to small businesses and private non-profits harmed by COVID-19 .
The advance does not need to be repaid under any circumstance, and may be used for business purposes, such as payroll or paying sick leave, or paying business obligations, like debts, rent and mortgage payments. (See p. 28, Section 1110(e)(5) of H.R. 748 (CARES Act))
Contact BBB Commercial Financing
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