Guide to Unsecured Line of Credit for Business

1
A Beginners Guide to the Unsecured Business Line
of Credit

• Smaller businesses and startups may benefit from
  on-demand funds from an unsecured business line
  of credit when unexpected expenses or cash flow
  issues arise.

2
What is an Unsecured Business Line of Credit?

• An unsecured business line of credit is an
  unsecured, open, and revolving credit line that
  is preapproved and can be tapped as needed. If
  and when you need to borrow money, you can do so
  almost immediately, up to your credit limit.
  Youll then repay any funds borrowed, reopen your
  credit limit, and be allowed to borrow again
  whenever an opportunity arises.

3
Benefits of an Unsecured Business Line of Credit

• In addition to traditional business loan options,
  there are also ways to finance a business using
  your retirement account. Dipping into retirement
  funds to start a business isnt right for
  everyone, but it can be done successfully, and,
  in some cases, may actually be the best option.

4
How An Unsecured Business Line of Credit Works

• An unsecured line of credit for business is a
  versatile and practical tool, giving businesses
  access to additional working capital or even a
  financial safety net. It operates as an ondeck
  revolving credit account, allowing businesses to
  borrow and repay funds as needed without the
  constraints of a traditional bank loan. Heres
  how it works.

5
Final Thoughts

• Unsecured business lines of credit are designed
  for unexpected or short-term financial needs,
  such as managing cash flow, covering operational
  costs, or addressing unexpected expenses. While
  they have many benefits such as flexibility and
  on-demand availability, theyre not typically
  used for very large or long-term investments.
  These lines of credit are usually unsecured
  through business banks, credit unions, and online
  lenders, and may come with higher interest rates
  than secured real estate loans, qualified SBA
  loans, and other common business products.
• By Stephanie Colestock

6
Why Choose Biz2Credit?

1. Trusted partner for franchise funding
2. Biz2Credit was founded in 2007 and has provided
   more than 10 billion in loans.
3. Dedicated support team
4. Tailored financing solutions

7
Thank You