Introducing Bankroll, the Ultimate Revolving Line of Credit

Just like trends, your business is always evolving. That means you’ve got to keep your eye on the ball, pivot when necessary, and most importantly: be flexible. That’s where Bankroll comes in, ARF Financial’s newest addition to its line of small business loan products.

What is Bankroll? 

Bankroll is a revolving line of credit that aims to be as flexible as you need. Unlike a standard line of credit, a revolving line of credit allows you to repay your loan as you normally would, and then immediately borrow up to your credit limit without the need to get approved again.

The difference with Bankroll is that you get your maximum loan amount (up to $1,000,000), a fixed term up to 36 months, and a fixed weekly payment. We also give you the flexibility to pay down or borrow additional funds on an unlimited basis. Essentially, you call the shots—because you know what’s best for your business. So, you determine when to borrow, what to borrow, your payment size, how much finance charges to pay, and how long to keep your loan. The revolving period for Bankroll is up to 1 year, with unlimited draws of $5,000 or more during the revolving period. Bankroll also offers early, no-penalty payoff at any time during the loan!

How Can Bankroll Benefit My Business? 

To keep a leg up on the competition, a lot of small businesses choose to rely on a line of credit. This gives them the opportunity to draw on necessary funds immediately, when opportunities (or emergencies) pop up. So, what can Bankroll do for your business?

Bridge the Gap: If your business is seasonal, or has busy and slow seasons, having access to a revolving line of credit – especially one with a revolving period up to 1 year – can help bridge your busy seasons. Tap into this line of credit to maintain your daily business operations during the “off” season.

Financing New Ideas: Say you’ve got a great idea for a new marketing plan. You know it’s going to offer great returns, but you need cash on hand now to finance it, until the revenue starts coming in. Bankroll, with its unlimited draws, has your business’s back.

Investing in New Equipment: It’s generally a best practice to avoid tapping into a line of credit if you’re not going to be able to pay it back before the loan matures. However, replacing an older, inefficient piece of equipment – or investing in the latest technology – can actually save you money in the long run. Consider purchasing more energy-efficient kitchen appliances to lower your energy bills. Even upgrading your internet speeds or adding free WiFi for your guests is a great way to increase productivity and your customer base.

Repaying Merchants: Perhaps you have an outstanding balance with one of your vendors. Maybe you needed to borrow money from someone to help get you through a rough business patch. Whatever the cause, it can be stressful to have an unpaid debt looming over you. Tap into your Bankroll line of credit to pay back the funds you’ve been meaning to do for some time. 

Want to know more? Check out the details on Bankroll here, plus hear from Celeste Deal-Maunoir about what makes Bankroll the best solution for your small business financing needs.