Business Lines of Credit
Give your business flexibility with revolving lines of credit.
When your business experiences short-term cash flow challenges, a business line of credit for fast access to working capital is an advantageous way to keep operations running smoothly.
Instead of borrowing a fixed amount of money, opening a revolving line of credit offers a flexible way to meet your business’ short-term cash flow needs. With Cent Banc’s access to industry leading business lines of credit, you’re able to borrow working capital based on your needs up to a pre-approved limit and borrow more as your principal is paid down.
$50,000 – $1,000,000
As Low as 4.50%
As Little as 3 Weeks
Business Line of Credit Benefits
How Do Business Lines of Credit Work?
Business lines of credits provide a maximum loan balance that a business or borrower can draw funds from. As long as that maximum amount isn’t exceeded, the business is able to draw funds from it within the term of the credit line (typically one year, with renewals).
The biggest advantage to this arrangement is the flexibility and ability to draw the amount of funds that is needed– not the entire loan amount like a business term loan would require.
Business lines of credit can be secured with collateral, unsecured, revolving, or non-revolving. Revolving credit allows a business to continue drawing upon that line up until the credit limit (like a credit card). When a draw occurs, that amount is deducted from the total credit limit. When a payment is made to the lender, that amount is credited back to the line’s total limit.