Line of Credit – Understanding repayment, fees, and use
The Small Business Administration urges entrepreneurs to be “proactive and ready to deal with any unforeseen expenses” to maintain the health and viability of small businesses. A DreamSpring small business line of credit keeps cash readily available for your business, so you have the flexibility to pay bills and easily access funds. With a line of credit, there is no need to reapply for additional funds; simply draw down the available line, and as you pay funds back, they become available to you again. By only paying interest on the amount drawn, you can reduce your interest expense and reinject those funds into your business.
To provide the best rates and terms for our clients, DreamSpring may require collateral for loan approval.