Line of Credit

Get Your Business the Funding it Needs

We help Businesses with Quick Funding and Flexible Paybacks Options.

Intrepid acknowledges how unplanned expenses can wreak havoc on your business. You know how important consistent working capital is to help your business grow.

Even successful startups encounter delayed invoice payments, unexpected production costs, and unplanned situations when cash flow is low. To overcome these short-term happenings, the availability of extra funds can give you a helping hand. A business line of credit can surely do the job for you to cover the cash uncertainties.

Financing Your Small Business with Line of Credit!

Surviving crucial times for your business sounds downright impossible, but having access to some extra funds can save the business from falling apart. For business financing, extra funds can be secured. You have options to consider for your business.

You can access extra money "on-demand" with a line of credit. A Line of Credit helps with expenses like inventory or workshop maintenance.

How does Line of Credit Work?

Intrepid offers a line of credit to your business. Once you are qualified, you can draw up to a predetermined maximum amount for your business for a specific time period. After paying off the borrowed funds, you can have the amount back in your line of credit again.

Here’s a tip if you are interested in applying for a line of credit for your business, ‘pay off what you borrow on time.’

Intrepid’s Small Business Financing

Intrepid facilitates the most flexible way to fund your business operations. Each withdrawal starts a new repayment period, which means you can withdraw funds at any time. These loans are designed to help businesses finance short term working capital needs such as:

  • Purchasing new inventory and repairing equipment
  • Financing marketing campaigns
  • Making payroll

Here is how you can Apply for the Intrepid Line of Credit!

Check your eligibility here and start your application process.

Get in touch with our experts for your business.

Dive into the following reasons and decide if a line of credit is ideal for your business.

Flexibility is one of the primary benefits of this kind of lending option. Once your application gets approved, then you can always draw funds.

Only pay the interest on the used part of the credit. You won’t be charged any interest for unused funds.

Line of Credit tends to offer lower Interest Rates as compared to other Business Financing Options.

Get the desired Funds you need for Your Business.

Get the desired Funds you need for Your Business.

How could you Benefit from a Business Line of Credit?

Effective businesses require a certain amount of working capital to fund their operations. However, working capital may not always be available when needed. For example, you acquire new equipment for your business in an urgent situation, or you are waiting for the invoices to get paid. Events like these can have an adverse effect on the cash flow and even threaten your business’s stable reputation.

With Intrepid as your finance partner, you can handle unanticipated challenges with sheer confidence, knowing you have access to the capital. Line of credit is a tool to skyrocket your business’s growth.

You can freely utilize Funds for:

  • Hiring new Employees
  • Purchase of Equipment
  • Automating your Business to meet growing demand
  • Expanding to several new Locations
  • Revamping of Office
  • Purchasing Sufficient Inventory
  • Smooth the cash flow for payroll and survive a crunch time in sales
  • With a Line of Credit, you can effectively manage liquidity
  • You can handle the cash flow volatility dilemma that many startups and medium-sized Businesses commonly face.

FAQ'S

If you are the person who is looking for ways to expand their small business, then a line of credit seems a good option. A Line of Credit works well to situations like;

  • Expanding your business
  • Opening a new office or renovating the old one
  • Purchasing equipment for your business and more

Different lenders, banks, and traditional loan providers have their own terms and conditions. Approval mostly depends on the type of services you are using. Only a professional expert from a bank or lender can guide you by examining your circumstances. Contact us, and we will help you get the best fit option that matches your current needs.

A secured loan means that a piece of collateral is being used to back up the loan. The office is usually used as collateral for commercial mortgages. Assets such as inventory, heavy machinery, and real estate can be used as collateral for small business loans. The interest rate on secured loans for small businesses is generally lower than that on unsecured loans.

Lines of credit that are unsecured consist of no collateral backing the financing. Lenders need to ensure that the borrower will be able to repay the credit, so they often require more stringent criteria and charge higher interest rates.

Need More Info?

Hop on a call with one of our experts.

We are here to guide you through the whole process. Still hesitant? Click the button below and start your venture with us!

Am I Eligible?