Commercial Lines of Credit
Commercial lines of credit are one of the most popular, most useful and also most misunderstood financing vehicles for you and your business.
Almost every business has times when it needs more cash than it has on hand or can access quickly. Some business owners tap into their business or personal credit cards and bank accounts for purchases or cash advances with the intention of paying them off in a short time frame. If you have ever entertained this idea or executed it, a line of credit might be just the tool you need.
A line of credit lets your business tap into easily accessible funds to bridge the gaps in cash flow. They are ideally situated for seasonal credit demands of your business. Whether you’re planning ahead for sales growth or bridging the gap between accounts payable and customer payments, lines of credit provide a predictable, flexible source of funds that can keep your finances strong and your business growing.
C. Grant Simpson
1ST VICE PRESIDENT,
11601 Bluegrass Parkway
Louisville, KY 40299
502.267.3573 or 866.633.4450