A line of credit gives you access to funds to cover any short-term operational costs of your business. Typically business owners use a LOC to:
Provide extra cash flow while waiting for customer invoices to be paid
Cover payroll when needed
Cover unexpected costs like replacing equipment that has broken down or inventory
Take advantage of sudden opportunities like discounted bulk supply purchases
Support sudden business growth
A line of credit gives you access to funds when needed and a financial safety net if your business experiences off-peak seasons in trade or forced closure. Contact FV Vantage today to discuss your funding needs and to determine if a LOC is the right funding solution for your business.