Lines of Credit

First Working Capital provides lines of credit to growing small, medium and large companies. Businesses will have immediate access to funds and ongoing cash flow, based on a percentage of the value of the company’s assets, such as commercial accounts receivable and inventory. You pay interest only on the funds you’ve drawn.

A line of credit or LOC helps meet short-term working capital needs, like covering cash flow shortages and unforeseen operating expenses, purchasing inventory, advertising and funding through seasonal and cyclical periods. First Working Capital works with its various funding sources to help clients get the business lines of credit they need to keep cash flow steady and business running smoothly.

There is normally no collateral required to gain approval, unless the credit score criteria of the individual applicant and/or business is not met. You can borrow funds, repay the balance and borrow again as needed.