Business Line of Credit
Revolving lines of credit can help you manage fluctuating cash flow for seasonal working capital and are great for short-term credit needs like purchasing inventory, materials or equipment, financing accounts receivable, debt refinance and small projects.
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Advantages of a Credit Union Business Line of Credit
Some of the benefits include:
- Local decision-making
- Fast turnaround
- No prepayment penalties
- More flexible qualifying than a bank
We also provide a Letter of Credit — a document issued for you that assures payment to a seller of goods and services.