It’s true that nothing good lasts forever, and this is especially true in regards to the wildly fluctuating state of the economy.
While 2018 proved to be a great year for businesses nationwide, predictions from leading economists warn that this period of tremendous growth is not likely to last in 2019.
So, why is an economic slowdown expected, and what are business owners doing to prepare for it?
Revolving business lines of credit are commonly known as one of the best financing options for business owners who need capital to prepare for the unexpected.
They’re also one of the most flexible financing options still available to business owners during the SBA shutdown.
With the government in shutdown for the foreseeable future, the SBA closing its doors, and an economic downturn expected in 2019, more business owners are seeking revolving credit lines than ever.
And with the rate hikes expected in 2019, business owners are applying for revolving credit lines sooner rather than later in order to secure the lowest rates possible.
Whatever the case may be, revolving business lines of credit are proving to be exceptionally useful in preparing businesses for any unpredictable scenario, due to:
Although similar to a traditional business line of credit, there’s a few key differences that make it more desirable for most business owners.
The “revolving” part of the name comes from the nature of how the line of credit works.
Different from a small business loan, you don’t have to use the entire amount you borrow. The amount you take out can be immediately replaced, and taken out again.
The cyclical pattern of drawing, replacing, and repeating is what makes true revolving credit lines so convenient!
Use a true revolving line of credit to be prepared for any unexpected challenge or opportunity that comes your way.
There are no industry restrictions, and absolutely no restrictions on what you can use your funds for.
Whether you need to purchase materials, fix a broken piece of equipment, or take advantage of a surprise opportunity, true revolving business lines of credit are the ideal choice for anyone preparing for the unexpected!
The flexibility of a true revolving BLOC is also extremely effective when preparing for a potential downturn in business.
Other benefits that set make revolving business LOC’s a step up from most other business financing options include:
Chances are you do. Here’s what you DO need:
With services that boost credit, get rid of tax liens and judgements, and even erase past bankruptcies, National ensures true revolving lines of credit are available to ANY business owner.
We’ve been flooded with requests for true revolving business lines of credit, and the turnout has been phenomenal. Over 90% of all those that apply obtain financing within 24 hours!
Let’s say you’re the owner of a construction business, and you’re preparing for a busy season. You need fast access to capital to prepare for potential downturns, and to take advantage of any opportunity that comes along.
You’re given a credit line with a set amount—anywhere from $10K to $5Mil.
Let’s say you recieve a business credit line of $500K.
An extra job pops up that you’re not prepared for… just as your bulldozer breaks down.
To take on both challenges, you draw $100K to get the materials and equipment you need to take on the additional job, and $50K to fix the bulldozer.
Both challenges are immediately squashed, and you’re left with $350K in your credit line.
You’re presented with an opportunity to expand your business, but you need $400K to do so.
You replace $150K of the money you earned from your extra project back into your credit line, leaving you with $500K.
You use $400K to expand your business, leaving you with $100K to use or add to however often you like!
Starting to see the cyclical nature of true revolving business credit lines?
Not every business LOC is created equal. Most lenders will claim their lines of credit are “revolving” when they aren’t.
If you’re offered a line of credit that doesn’t give you the freedom to put capital drawn back into your credit line, making it available to draw from again, then don’t be fooled—this is NOT a true revolving line of credit!
National is an industry leader in getting customers what they truly need, exactly when they need it.
If a true revolving business line of credit sounds like the perfect funding option for your business, follow the instructions below to get one in as little as 24-48 hours, and feel confident in avoiding all empty promises and misdirection from incompetent business financing companies.
Simply call us at (877) 482-3008 or apply online by filling out our 1-minute application, and we’ll work together to get you funded in as little as 24 hours!
National Business Capital helps entrepreneurs secure quick and fair financing to save time and cultivate sustainable growth.
Our stress-free online platform is designed for simplicity and speed, helping business owners go from application to approval in a matter of hours. And while we remain a leader in the Fintech industry, our clients agree it’s our personalized service and award-winning team that sets us apart.
From SBA loans to lines of credit, to equipment financing, and more, business owners can access all the different financing programs available to them in one place. Through our streamlined process, we have helped clients secure $2 billion in financing since 2007, and, more importantly, we’ve helped entrepreneurs save a tremendous amount of time and grow faster.
Joseph Camberato, CEO of National Business Capital, developed a passion for business at a young age. Joe started his company in 2007 in his spare bedroom and has grown to secure over $1 Billion dollars in financing for small business owners nationwide. National’s team has an amazing culture and has been name the #1 Top Workplace on Long Island 3 years in a row and counting. Joe is a trusted financial expert who’s published more than 2,000 articles in the last 3 years. His articles have generated over 5 million page views and has been featured on blogs such as Google News, Yahoo, CNBC, Forbes Magazine, etc. His passion has also inspired him to build the "GrowByJoe” YouTube channel where he shares his insights into small business trends and tips for growth. Joe also holds a seat on Forbes Finance Council and is an active member of the Young Presidents' Organization (YPO), a global leadership community.
https://www.linkedin.com/in/growbyjoe/