A line of credit is a flexible loan, similar to a credit card, that offers you a limited amount of funds. Funds that you can use when, if, and how you wish.
A line of credit is a defined amount of money that you can access as needed and then repay immediately or over a pre-specified period of time.
Line of credits are very useful since it is a loan that you’re already qualified for, so if you need immediate access to money you can take advantage of it without having to go through the process of getting approved for a new loan.
SBA
What is it? The gold standard. Loans backed by the Government with low interest rates and long repayment terms.
Use it for: debt refinancing and working capital (operational expenses, marketing, hiring, etc.)
USDA
What is it? The ideal loan for rural companies/projects that goes up to $25M. With very low interest rates and long repayment terms.
Use it for: Working capital, all types of payments: insurance, principal and interest, rent, taxes, etc.
Commercial Real Estate
What is it? Loans for refinancing or purchasing commercial real estate.
Use it for: any type of commercial real estate transactions for refinance and purchasing.
Facila Capital 