With Delta Capital, clients can get approved for a revolving line of business credit in as little as 48 hours. The biggest benefit to a business line of credit is that you get access to the cash you need when you need it at a better rate than you might with a credit card. The application only takes a few minutes to complete. Delta Capital works with businesses across every type of industry to provide fast, convenient funding options. As long as your business has been in operation for at least six months and you have a minimum monthly revenue of $15,000, you have a very good chance of being approved for a business line of credit. Most businesses need a 500 credit score or better.

Short-term business loans are typically repaid within two years or less time, depending on the conditions of the loan. They are best used when covering unexpected costs or when extra money is needed to help fill a gap or slow season. Most commonly, businesses use short term loans to increase working capital, invest in new inventory, purchase new equipment, or fund marketing expenditures. Short-term loans are good for quicker and easier access to funds and often have more flexible underwriting standards than long-term loans might.

Long-term business loans range from five to twenty years and are typically used when looking to make a larger investment or expansion in your business. Most often, these loans have a fixed or floating interest rate and tend to require collateral, such as real estate, to secure the loan. Since the loan is getting spread out over a longer period of time, the monthly payments are usually lower than short-term loans. This frees up cash flow while still providing your business with the funds it needs to expand.

Invoice factoring is a fantastic funding option for businesses that deal with invoicing and have had trouble tracking down payments. Essentially, with invoice factoring, business owners can turn their account receivables into cash factoring lines. Delta Capital offers competitive industry-standard rates, a wide selection of financing options, and flexible repayment terms. One of the best aspects of invoice factoring is that it opens up a business’s cash flow without incurring new debt. With invoice factoring, you are essentially selling your unpaid invoices to Delta Capital for a small reduction in your overall sale.