A business line of credit can come in mighty handy when you need cash for your business. And if you think that this is only available to the big players with plenty of cash—think again! There are some restrictions, but generally speaking, any business that is a state-registered entity, has been in business for 2 years and has income and a good credit history, is eligible for one of these loans.

Now there are 3 ways to get business lines of credit:

1) Open your junk mail – you’ll find that you regularly receive offers of credit cards from banks and credit card companies saying that “Your Company” is approved for “up to $100,000” in credit. Instead of tossing it in the wastebasket, open it, fill it out and mail it back. There’s a very good chance you’ll get approved for some amount (although not always the $100K ?).

2) Cold calling Banks – It’s time-consuming, and you’ll have to fill in (usually by hand) numerous multi-paged applications. Each bank has its own requirements and concerns. And without the right strategy, you’ll have the banks working against you!

3) Use a Consultant. Business Capital Connection can provide strategic advice on what the best funding sources are for your particular needs and type of business. They have established relationships with lenders and know what they expect and need. Often, they can expedite the application and approval process.

One final thought: When is the hardest time to get money? When you need it! So, whether you’re considering expanding your business or upgrading your equipment or facilities, start working on your business lines of credit NOW. Since you don’t pay interest until you borrow the funds, the cost is minimal, and the reward is great.

Find out how you can Qualify, even if you need to improve some of your eligibility criteria, click here.