Lines of Credit
If you want the best flexibility a Line of Credit is the product for you. It gives you the reassurance of having financing available but only having to pay for the money used, which is best ideal. This allows business owners to navigate the ever-changing economy and capitalize on any business opportunities that arise.
All small businesses need to be able to respond to ebbs and flows in income, especially during slow periods or off seasons. When you need fast, reliable access to cash and flexible terms for repaying borrowed funds, a line of credit from Horizon Financial is often an ideal solution. How you use those funds is up to you, contact us today!
Why choose Horizon as your Line of Credit provider?
Horizon Funding provides borrowing flexibility that most traditional banks cannot. A small business line of credit differs in that you’re approved for a certain limit, and pay interest only on what you borrow. With a line of credit you can renew as needed and build credit.
Receive a decision in minutes! Applying will not affect your personal credit score.
Step 1
Apply online in just a few minutes or call us directly at 718-513-6633
Step 2
Our system evaluates your business and provides a decision
Step 3
Sign your contract and receive money today
FAQS
1. What is a business line of credit and how does it work?
A business line of credit gives you access to a set amount of funds that you can draw from as needed. You only pay interest on the amount you use, making it a flexible option for managing cash flow.
2. How is a line of credit different from a business loan?
A business loan provides a lump sum upfront, while a line of credit allows you to borrow funds repeatedly up to a limit. This makes it ideal for ongoing expenses and short-term cash flow needs.
3. How quickly can I get approved for a line of credit?
Approval can often be completed within a few hours, with access to funds available shortly after. The process is much faster than traditional bank financing.
4. Can I get a business line of credit with bad credit?
Yes, approval is based on multiple factors including revenue and business performance. Businesses with less-than-perfect credit may still qualify.
5. What can I use a business line of credit for?
You can use it for inventory purchases, payroll, marketing, operational expenses, or managing cash flow gaps—giving your business financial flexibility whenever needed.