Your company’s financial needs can change from day to day — which is why it’s crucial to have the money you need available at any moment. With a Business Line of Credit from Desert Financial, you can easily increase your cash flow, purchase inventory, expand your business, finance receivables or support seasonal changes in business without missing a beat. There are no prepayment penalties, so you can pay down your line of credit at any time and have additional funds to use!
Other benefits include:
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Open to sole proprietorships, partnerships (including LLPs), LLCs, corporations, trusts and nonprofit entities that have been in existence for three years. Start-up and business acquisition transactions are ineligible. Income verification may be required. Property must be located in Arizona. First or second lien position.
1Minimum loan amount $250,000; maximum 80% loan-to-value.
2Minimum accrued interest payment due the 1st of each month.
3Consult your tax advisor regarding your individual tax situation.