Flexible Capital for Changing Business Needs
A business line of credit can give eligible businesses access to capital for qualified expenses as needs arise. It can help businesses manage working capital, operating costs, inventory, and other ongoing expenses, subject to the terms of the financing agreement.
Mass Advance Corp provides business owners with a straightforward way to explore whether a line of credit may be a suitable option for their financing needs.
Capital Available When You Need It
Business expenses don’t always follow a predictable schedule. A line of credit can provide an available source of capital that your business can access as eligible needs arise.
Whether you’re managing a busy period, covering an unexpected expense, or looking for additional working capital, access to available funds can provide greater flexibility as your business operates and grows.
What Can a Line of Credit Help With?
Working Capital
Support the ongoing financial needs involved in operating and managing your business.
Operating Expenses
Help cover qualified costs required to keep your business running efficiently.
Inventory & Supplies
Access capital for eligible purchases of inventory, materials, and business supplies.
Seasonal Cash Flow
Help manage periods when revenue and expenses fluctuate throughout the year.
Unexpected Expenses
Maintain an additional financing resource for unplanned business costs that may arise.
Business Opportunities
Have access to available capital when an eligible opportunity requires additional funding.
Why Us
Why Choose a Line of Credit?
Two Core Financing Solutions
Explore a line of credit or term loan based on your business's needs and objectives.
A Clearer Process
We aim to make the application experience straightforward, with clear information about what is required and what comes next.
Business-Focused Support
Our team is available to answer questions and help business owners better understand their financing options.
Focused on What's Ahead
We provide financing solutions designed to help businesses manage today's needs while working toward tomorrow's opportunities.
Flexibility for the Needs Ahead
A line of credit can be a useful financing option when your business needs capital for expenses that may change over time.
Why Us
Why Choose a Line of Credit?
Available Capital
Access available funds when an eligible business need arises, subject to the terms of your financing agreement.
Greater Flexibility
Maintain an additional financing resource that can adapt to changing business expenses and circumstances.
Cash Flow Support
Additional working capital can help businesses manage periods when expenses and incoming revenue don't line up.
Multiple Uses
Available funds may be used for a variety of qualified business purposes rather than being tied to one specific expense.
Flexibility for the Needs Ahead
A line of credit can be a useful financing option when your business needs capital for expenses that may change over time.
How It Works
A Straight forward Path to Funding
Submit Your Application
Provide basic information about your business, financial activity, and financing needs.
Business Review
We’ll review the information provided to determine whether a line of credit may be available for your business.
Review Your Offer
If you’re presented with an offer, review the available credit, repayment requirements, fees, and other applicable terms.
Access Your Capital
Once the required documentation is completed and financing is finalized, available funds can be accessed according to your agreement.
Line of Credit
Is a Line of Credit Right for Your Business?
A line of credit may be worth exploring if your business:
- Needs additional working capital
- Has recurring or changing expenses
- Experiences seasonal cash-flow fluctuations
- Regularly purchases inventory or supplies
- Wants access to capital for unexpected expenses
- May need additional resources for eligible business opportunities
Eligibility Criteria
Minimum Requirements
1 Year in Business
$100K Annual Revenue
Business Checking Account
625 Personal FICO® Score
FAQs
Frequently Asked Questions
What is a business line of credit?
A business line of credit provides an approved business with access to a specified amount of capital that may be used for eligible business purposes according to the terms of the financing agreement.
What can I use a line of credit for?
Depending on the applicable terms, available capital may be used for qualified expenses such as working capital, operating costs, inventory, supplies, and other business needs.
How is a line of credit different from a term loan?
A line of credit provides access to available capital that can be used as eligible needs arise. A term loan generally provides a defined amount of financing that is repaid according to an established schedule.
How much can my business qualify for?
Available credit depends on factors related to your business, financial profile, and applicable financing terms. Amounts vary from business to business.
Does submitting an application guarantee approval?
No. Submitting an application does not guarantee approval or require you to accept financing. Applications are subject to review and applicable eligibility requirements.
How do I get started?
Complete the online application and provide the requested information about your business and financing needs. Your application will then be reviewed to determine whether financing may be available.
Explore a Term Loan
Looking for Structured Financing?
If you have a specific business expense, investment, or project in mind, a Term Loan may be a better fit. Term loans provide a defined amount of financing with an established repayment structure.
Contact Us
Ready for More Financial Flexibility?
Explore your financing options with Mass Advance Corp and take the next step toward addressing your business’s capital needs.