Commercial Lines of Credit
Is your business booming, but your cash flow can’t keep up with the rapid growth? Do you need money for seasonal or cyclical purchases? A Commercial Line of Credit from The First could be the solution to your problem. Lines of credit are more flexible than term loans, enabling businesses to stay nimble and competitive. Like credit cards, credit lines come with a borrowing limit, but the interest rates on credit lines are usually lower. Another perk is that you can write checks to vendors from your credit line so that it works like cash.
The benefits of a Commercial Line of Credit from The First include:
- No annual fee
- Competitive rates
- Interest-only payments
- Pay only for the money you use, when you use it