What is a receivable based “Credit Line”?
• A: Invoices to your customers for goods delivered or services rendered can be converted into a “credit line” from which you may draw cash to better manage your business. Draw only as much as you need and pay only for what you use. This “credit line” effectively multiplies your working capital by “turning it” more often. Compared to bank lines, this “credit line” uses far less collateral, requires only minimal paperwork, can be in place in less than than a week and, best of all, grows with your business. This “credit line” compliments any loans that you have or are seeking, yet allows you to access additional funding.
