The Financeline     

The standard lease or finance agreement are great tools to use when funding a one time investment in equipment or other business needs. However, we have found that there is a great need for a more flexible finance product for companies that are going to take on a large project that may last from 3 to 6 months. With standard lease and loan agreements, funding takes place at one time and the first full monthly payment is due shortly after that. What happens if your building project or expansion is a 6 month project? This means it may be 6 months before you fully realize the increased revenue from your investment yet you have been making full payments throughout that time on a lease or loan for the project. What it means is that your cash flow may be negatively affected!

What if we could change all of that with a flexible, interest only finance line? Well, now we can. For qualifying businesses, we are able to offer this option that gives you the ability to draw on an established line of credit while paying an interest only payment for up to 6 months. Once the project is complete, the pre-arranged term begins. Leaving you free to finance only as much as needed to complete the project while making sure you are not left short of cash in the case of cost over runs.

Recently, we were able to utilize The FinanceLine to help a Pediatrician that was opening a new location. With all of the different vendors and contractors that needed to be paid over an extended period of time, The FinanceLine was the perfect solution to help the Doctor meet his goals while keeping his initial cash outlay within budget, using interest only payments. Since we also offered 90 days to defer his first full payment, his practice enjoyed a full 9 months before the first full payment was due. Effectively giving him 3/4 of a year to build his patient base and cash flow from incoming insurance payments.