{"id":32761,"date":"2019-09-17T10:17:46","date_gmt":"2019-09-17T14:17:46","guid":{"rendered":"https:\/\/www.arffinancial.com\/development\/?p=32761"},"modified":"2022-01-21T13:22:42","modified_gmt":"2022-01-21T18:22:42","slug":"spotlight-on-business-line-of-credit","status":"publish","type":"post","link":"https:\/\/www.arffinancial.com\/development\/spotlight-on-business-line-of-credit\/","title":{"rendered":"Spotlight On: Business Line of Credit"},"content":{"rendered":"

\"SpotlightSpotlight On: Business Line of Credit<\/strong><\/h2>\n

We\u2019ve had the opportunity to help countless small business owners across the country realize great successes. But we\u2019ve also seen our share of horror stories. From restaurants on the brink of bankruptcy to battles between investors, there is certainly no shortage of pitfalls when it comes to running a business. While money might not be able to solve every problem, there are certainly circumstances in which a trusted lender and superior loan product can mean the difference between shuttering your doors and turning a huge profit. Today, we\u2019ll explore the benefits of a line of credit<\/a> from ARF Financial. Whether you\u2019re already thinking of a loan or just interested in learning more, we\u2019ve got you covered.<\/p>\n

One of the most popular reasons small business owners reach out to us is because something in their business\u2014be it an oven, HVAC system, or outdated electrical\u2014needs to be repaired. Very few people have big coffers of money they can dip into in an emergency, business owners included. As soon as we get that phone call or online application, our first recommendation is always a business line of credit. Simply defined, a line of credit is a pre-established amount of money that a lender will loan you. You can draw from it, and only pay interest on the amount you borrow. The difference with ARF is that we allow you to borrow as little as $5,000 all the way up to $500,000, and we don\u2019t require any collateral. This \u201cno collateral\u201d piece is critical, as a lot of small businesses truly have nothing they can offer\u2014and we understand that. And applying for a loan with us won\u2019t ever affect your credit score, which is also key: as a business owner, your good credit is paramount.<\/p>\n

Another reason we recommend lines of credit so frequently is because of the speed at which your funds can be secured. We\u2019re quicker to lend cash than any competitor because we\u2019ve established incredible relationships with banks across the country. This is also why we\u2019re able to offer fixed terms up to 36 months and affordable payments that won\u2019t increase as revenue grows.<\/p>\n

Even if you don\u2019t have an immediate need for financing, more and more businesses are realizing just how quickly the landscape can change. Having a rainy-day fund like a line of credit is the best way to jump at windows of opportunity as soon as they open. It simply makes great business sense to be financially prepared for anything. Our line of credit delivers 24-hour access to 5 separate loan drafts over a 6-month period, and you can even request funds online.<\/p>\n

Additional popular reasons for a line of credit include:<\/p>\n