Even for those who do not have an immediate need for funding, a Business Line of Credit offers both peace of mind for unexpected emergencies or when a great business opportunity presents itself.
Bohemia, NY (PRWEB) June 24, 2013
National Business Capital, the nationwide alternative to traditional financial institutions, with a regional office in Bohemia, NY, has introduced a financing option that until recently has been reserved for big businesses and unattainable by newer businesses and smaller enterprises: a Business Line of Credit.
For many businesses, their cash flow is not always consistent and may be predicated on many factors: their business may be seasonal, for example. Other reasons requiring the need to tap into liquid reserves may be to pay taxes or to take advantage of discounts on a bulk purchase.
For some, obtaining a line of credit for one’s business can be the difference between their doors remaining open or closing down due to restricted cash flow. Even for those who do not have an immediate need for funding, a Business Line of Credit offers both peace of mind for unexpected emergencies or when a great business opportunity presents itself.
However, business credit lines have been almost impossible for small business owners to obtain in recent years. During economic downturns credit is often a commodity as restrictions increase, closing this financing option to all but the most successful and often largest companies. Banks have made their lending guidelines very strict which has made it very difficult for a small business owner to obtain a Business Line of Credit. To conventional financial institutions, either a business owner’s personal credit score isn’t good enough, the business isn’t showing a sufficient profit on their tax return or they simply do not have any/or enough collateral. In addition, qualifying for a credit line at a traditional bank does not ensure that it will not be rescinded as guidelines change frequently.
“While most banks still cut or even close credit lines without notice – we are approving new lines of credit applications in about 24 hours,” states Joseph A. Camberato, Managing Partner, National Business Capital. “Recently it has become possible for us to offer Business Credit Lines again with flexible guidelines that we have not seen in about 5 years,” Camberato adds. “Best of all it may likely be possible for nearly every business to take advantage of this financing option,” he concludes.
National Business Capital’s new business credit line features:
- No Real Estate Collateral is required
- Qualifications are based on a business’ Gross Sales not Credit Card Sales
- Recipients only pay for funds used
- Approvals may take as little as one day
- National Business Capital offers longer re-payment terms
- Qualification is not based on a business owner’s personal credit score
- Tax Liens do not necessarily disqualify an applicant
About National Business Capital:
National Business Capital is one of the nation’s well known sources for business financing. It is a niche company with many years of experience in the business finance industry. Their goal is to complete their clients’ financing needs quickly and efficiently without the difficulties often encountered during the loan process at traditional banks. They are highly experienced in assisting many different types of businesses regardless of their credit background.
National Business Capital’s approval process is not based on just an applicant’s credit score. They evaluate the ‘whole picture’ and use realistic underwriting practices. Their slogan underscores the firm’s intent to assist business owners to take their enterprise to the next level: “Business is Built on Relationships – We look forward to Starting a Relationship with You.”