The Business Line of Credit is a source of funds that can readily be tapped at the borrower’s discretion. Lines of credit are often extended to address liquidity problems, expansion of the business, or annual slow periods in the industry. Typically, no interest is incurred until the funds are tapped into. They are often referred to as revolving and can be tapped into repeatedly, as needed by the business.
A business line of credit can help your business take advantage of investment or growth opportunities, when your cash reserves are low. It can also help restock inventory during typically slow parts of the season, or to help pay for the additional cost of new staff when ramping up for a heavy season. An advantage of a line of credit is that you’re able to draw on the line of credit at any time, without having to go through more paperwork and waiting time.
With a variety of value added services to offer, our staff is dedicated to delivering for our clients with unparalleled service, advanced technologies, and personalized solutions. This is where the Commerce Point Capital difference can be most notably experienced, finding solutions to complex situations and delivering results quickly and affordably.
Contact our offices today to find out more about Business Line of Credit programs.
- EU Continues Testing Digital Identity Wallets
The European Union (EU) is getting closer to rolling out its digital identity wallet. As the European Commission (EC) noted on its website recently, the wallet “will be a secure and easy way for European citizens, residents and businesses to prove who they are when accessing digital services,â€� letting them “safely obtain, store and share […]
- Delivery Apps See Orders Drop After Wage Hikes
When gig workers in Seattle won higher wages, delivery apps like DoorDash hiked their fees. Now, The Wall Street Journal (WSJ) reported Saturday (June 22), those companies are dealing with irate customers, a drop in restaurant orders, and a dearth of drivers. According to the report, lawmakers in New York City, which also passed a […]
- X CEO Cuts Top Exec Amid Pressure to Boost Revenue
X CEO Linda Yaccarino has reportedly reshuffled her inner circle amid pressure to reduce costs. As the Financial Times (FT) reported Sunday (June 23), three sources say that Yaccarino fired head of business operations and communications Joe Benarroch — described as her right-hand man — earlier this month. Two of the sources say that — […]
- Apple and Meta Reportedly Pursuing AI Collaboration
Apple has reportedly held discussions with Meta about partnering on artificial intelligence (AI). The iPhone maker and the social media giant have discussed integrating Meta’s AI model into Apple’s recently announced Apple Intelligence, The Wall Street Journal (WSJ) reported Sunday (June 23), citing sources familiar with the matter. The report noted that Meta and other […]
- Restaurants Push Promotions as Diners Lose Appetite for High Prices
Consumers are spending less at restaurants as menu prices remain high. And as Seeking Alpha reported Saturday (June 22), it’s a situation that’s left some eateries embracing creative promotions to entice their customers. The report focuses on three brands: Chipotle, Starbucks and McDonald’s, the last of which will launch a monthlong promotion this week offering […]
- “Something’s Happened” – How a funding platform weathered a shocking crisis and is flourishing
“[The CEO] called me just before seven in the morning…but [he] would never call me at that hour, so I picked up the phone and he goes ‘Paul, something’s happened, it’s very serious.’ and I’ll never forget, he says ‘you need to take care of our company.’” That’s how Paul Vega, Senior Operations Manager at […]
- SBA Direct Lending Plan Not Likely to Happen
A proposal to allow the SBA to get into the direct lending business appears to have been taken off the table. Originally, the president’s FY 2025 budget plan called for the SBA to get into direct lending “to address gaps in access to small dollar lending.” However, in the budget introduced by The House Committee […]
- B2B Finance Expo: Las Vegas, September 23-24
The inaugural B2B Finance Expo will debut in Las Vegas this Fall from September 23-24 at The Wynn. Powered by deBanked in collaboration with the Small Business Finance Association (SBFA), the conference will bring together the leading lenders, funders, and brokers from across the spectrum of commercial finance, leasing, mortgage, and revenue-based capital products. “The […]
- Kapitus Closes $45 Million Investment-Grade Corporate Note Financing
Proceeds to be used to expand Kapitus’ financing options for small businesses as demand for alternative funding products increases NEW YORK, NY JUNE, 18, 2024 — Kapitus, a leading provider of financing for small and medium sized businesses, today announced the closing of a $45 Million investment-grade corporate note financing. The closing of this most […]
- Payoneer Funds $80M in MCAs in Q1
Payoneer, the digital payments provider that also offers working capital on e-commerce platforms like Walmart Marketplace, originated $80M in merchant cash advances in Q1, according to the company’s recent quarterly earnings report. While the company did not draw attention to this stat, it appears in its Statement of Cash Flows. Payoneer originated $299M in funding […]