Best Small Business Line of Credit That Is Easy To Get In Place Financing Solutions
However, realize that your interest rate is going to depend on multiple factors, such as your credit score, time in business, average monthly revenue, and the amount of debt you’re currently carrying. With some products, such as merchant cash advances or invoice factoring, it may be possible to receive funds within 24 hours of applying or even on the same day. With a line of credit, you receive access to a set amount of funds, which you can draw from at any time. As you repay what you spend, your line of credit gets “refilled” to its original amount. You … Read more