What is a Line of Credit (LOC)?
A Line of Credit, or LOC, is a dynamic financial tool that gives businesses access to funds up to a predefined limit.
Unlike traditional loans, which offer a single payment up front, with a LOC you can use only the money you need at any given time, and as you repay the borrowed amount, your available credit is renewed, providing ongoing access to funds when needed.
Who Should Consider a Line of Credit for Business Financing
a line of credit is the perfect option for businesses that need quick and flexible access to funds.
Whether you’re managing unpredictable cash flow, preparing for seasonal spikes, or taking advantage of new growth opportunities, a line of credit gives you control and freedom to borrow only what you need, when you need it, with interest only on what you use. It is ideal for expenses such as inventory replenishment, payroll or management of unforeseen events.
At Penhurst Capital, we are committed to empowering small businesses to thrive.
As experts in small business financing, we understand the importance of flexibility and accessibility when it comes to securing funds for your business.
Whether it’s covering unexpected expenses, seizing growth opportunities, or managing cash flow, our line of credit solutions are here to support your business every step of the way.
