A Bank Line of Credit: Why You Need One - And What To Do If You Can't Get One - TMCnet's Financial eNews

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» Financial Home   10/10/2012

Featured Articles » What Employees Want, as Reported in the 2012 International HR Beat Survey » Effective Risk Management Planning Helps in the Growth of Your Business » Proctor Financial Certified as Center of Excellence » ADP Intros New Cloud-based Platform for Midsized Organizations   Sponsored By: Mobile Commerce Zone Conference & Expo - November 27-29, 2012 - South San Francisco Conference Center - San Francisco, CA Mobility Commerce is about the motivation mobile marketing brings to mobile buying descisions. Whether you walk in the store to pay or pay via mobile, the role of marketing in a mobile world is becoming contextual and immediate. Learn how make the connection between money and marketing in the mobile world.   Top Stories » nProtect Introduces nProtect Mobile Security » Interactive Data Announces Trial Feed Availability on ASX 24 » TMP Worldwide Intros Improved TalentBrew Recruiting Platform » MasterCard's Enhanced SmartData Makes Expense Intelligence More Accessible and Actionable   From The Expert Corner October 08, 2012 A Bank Line of Credit: Why You Need One - And What To Do If You Can't Get One By TMCnet Special Guest Tom Klausen, President of First Vancouver Financial Services, Ltd. , A bank line of credit is one of the best things to have if you are a small business. It allows you to draw on pre-approved funds to not only meet routine operating expenses, but it can also be there for short-term working capital needs like plugging unexpected cash flow gaps, growing accounts receivable and inventory issues. Business owners can borrow up to their pre-approved credit limit at any time and for any reason, usually by simply writing a check. As the credit line is repaid, funds become available for use again as needs arise. Interest rates on credit lines are generally favorable, and having a line of credit can help improve a business’ credit rating. If possible, it’s a good idea to have a line of credit in place before you actually need one. The process of applying for and maintaining an adequate line of credit amount is sometimes difficult, so give yourself plenty of time to apply for one, or to increase the line you have... Read More    Featured Videos Interview with Spindle    Featured Resources » Collaborate at the speed of business » The Social Business: Advent of a new age » Disaster Recovery Horror Stories: Simple Ways You Can Avoid Data Loss and Protect Your Business   Featured Channels » Telecom Expense Management » Least Cost Routing » Mobile Device Management   Advertise With Us   General advertising Info: Click here      Become a TMCnet columnist! Become a TMCnet columnist! Want to contribute your expertise to a growing audience of technology professionals? Become a writer, blogger or columnist for the TMCnet Web site and this newsletter. Contact TMCnet Group Editorial Director, Erik Linask, at elinask@tmcnet.com for details.

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