Written by: Mathew Hein, Director of Business Banking, Firstrust Bank
Business owners will tell you that cash flow is the lifeblood of any company. And most commonly, a business line of credit from a bank is the IV that keeps that lifeblood flowing. This financial tool is used by even the healthiest of businesses to provide a needed cash infusion to support the growing needs of a thriving business.
Whether you’re looking to grow your business, bring in seasonal employees, or just have the peace of mind that comes with having a safety net of cash at your fingertips, a business line of credit can be a critical part of your business plan.
When seeking a line of credit, you’ll want to make sure you ask these important questions: