Let Silver Oak Funding help you today with a Line of Credit
We can help your business get up to $6 Million in Financing.
Our team has helped over 5K businesses receive
$1 Million+ Funding
Services
A business line of credit allows you to have access to funds for business expenses to be used as needed while you only pay back the amount used plus interest.
A business line of credit provides more flexibility than a regular business loan. Business owners can borrow as needed up to their limit, which can range from $5,000 to $3 million.
Revolving business lines of credit give you an ongoing pool of money to dip into, and you only pay interest on the amount withdrawn. Additionally, this means that once you pay down your balance—plus any interest—you can access the funds again.
Lines of credit are best used for short term operational expenses such as supplies or inventory especially in times of growth when cash flow varies. An additional benefit of using a line of credit is that by keeping it in good standing you may be able to build your business credit rating.
Advantages of Business Lines of Credit
Your funds are available any day and any time
You only pay for what you use; There are typically no prepayment, monthly maintenance or account closure fees
You decide how much to take from your line of credit and it replenishes as you pay it back
What to expect
Get Funded in 3 simple steps
1
Apply securely online
Visit our Get Funded page and start the application process. It’s simple, quick and easy and most importantly, completely secure. We only require 3 recent business bank statements to begin the funding application.
2
Select a funding plan
We start by assigning a business funding specialist to determine exactly what your borrowing needs are. Next, we’ll design a program focused on your funding request and desired repayment terms.
3
Receive Your funds
After you receive your funds, begin the repayment process. Our team will always be available for any future funding requests. For any future funding our renewal funding specialists are on standby for all your upcoming funding needs. Just call us or visit our Get Funded page.
Questions
See our FAQs to get answers for your questions.
