Brickell Capital Finance Offers Businesses Flexible Solutions

Brickell Capital Finance is a business line of credit brokerage firm, located in the Brickell area, the financial district of Miami,Florida, that offers very accessible financing through  various business lines of credit offerings. 

One of their premiere solutions is a secured business line of credit, which is a credit limit that’s backed by eligible Accounts Receivable. Secured business lines of credit allow business owners to leverage their Accounts Receivable  to access affordable working capital. If you have the collateral necessary to access a secured line of credit, this funding option can offer your business higher credit limits and lower rates.

A business line of credit provides flexibility that a regular business loan doesn’t. With a secured business line of credit, you can borrow money and pay interest only on the portion of money that you borrow. You then draw and repay funds as you wish, as long as you don’t exceed your credit limit. 

Unlike a business loan, where a business must make regular daily, weekly, or monthly payments to repay the loan, a business line of credit is only repaid when the business draws from the line.  Interest will also only be charged when you decide to pull money from the line. The business then decides when, if, and how they would like to use that capital. You will have a specified repayment period, but, like a credit card, there is no penalty for paying early.

Although interest is only charged once you use the line, there may be a monthly maintenance fee for letting your line of credit sit unused. For any line of credit,  you need to carefully read the terms offered by Brickell Capital Finance to make sure you understand any fees associated with the line.

Brickell Capital Finance will look at your business history, your personal credit score, annual revenue, time in business, eligible Accounts Receivable, the strength of your cash flow and your business credit to qualify you for a secured business line of credit.

 Again, a secured line of credit will be a less expensive option, so if you can put up eligible Accounts Receivable for the line of credit, the financial service company will be more likely to approve your application. Like with many financing options, the best time to get a line of credit for your business is well before you actually need it. You’re more likely to qualify for the best terms when your business is in great shape and has no cash flow problems.

If you decide to go with Brickell Capital Finance, you’ll be able to access a secured business line of credit within a short period of time. They look forward to serving you by providing competitive rates through their best in class lenders of lines of credit.

For more information, please visit: https://brickellcapitalfinance.com

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