If you own one of Massachusetts 600,000 small businesses and are looking for a line of credit, you’ve come to the right place. The need for affordable capital has never been greater for Massachusetts small businesses. What’s the hardest part about operating a small business in Massachusetts? If your like most of our MA small business applicants, you agree that obtaining reasonably priced financing for the business is on top of the list.
The rates for a business line of credit in Massachusetts are like most other states. Ranging from 4% to 8%, these revolving lines of credit are issued by local and national banks. Most businesses in Massachusetts that are approved for a line of credit, never knew they could access such cheap money. There are thousands and thousands of New England businesses that could qualify for cheaper money than what they are used to. That’s why now is the best time to apply for a line of credit.
-Revolving Line of Credit allows you to access cash when you need it
-With rates as low as 4%, these credit lines are cheaper than most credit card companies
-Your business doesn’t have to borrow expensive MCA’s(merchant cash advance) to finance operations and cash flow dips.
-You can keep your current business bank account at your current bank.
-Line of Credit Depot has the largest network of local and national banks in Massachusetts, so your business gets paired with the best programs.