I Needed a Line of Credit

When you have a small business, it can be pretty hard to always have a financial reserve. I own a decorating service. Even though I have been in business for nearly two years, there are still times when I have to get a rather large advance from a client. When I came across one client who did not want to do the advance, I knew that they were good for the final payment. I also knew that if I did find a line of credit for small business owners, that I was going to lose a significant commission on this particular job.

I went online to start some research into finding the best way to go about getting a line of credit. When I came across the site for E-Funding Company, I knew that it was the one for me. I had quickly read over their requirements to be able to do a line of credit with them. I have been in business for two years, and they require just one year as the minimum. They also wanted three months of my account statements for both my business account as well as my merchant account.

One of the things that I like about this particular company is that there is no penalty if I decide to pay back more than what is owed in a particular month. That is my goal, because I don’t want to have more debt added to my business. Filling out the application was easy, and it was also free. That is another perk of being able to do it this way. There are other companies that wanted to charge me an application fee, but there was no fee associated with this company at all. It was approved quickly, and I was able to make that commission after all!