Revolving Line of Credit Print Share
SBA Revolving Line of Credit ProgramThe SBA's Revolving Line of Credit Program helps small businesses with their short-term working capital needs, assisting these companies with financing of accounts receivable and inventory. It allows for continuous borrowing during the repayment term of the loan. With the revolving line of credit, the SBA will guarantee the lesser of 75 percent or $750,000 of a line of credit. The borrower can draw up to 80 percent of accounts receivable or 50 percent of the value of inventory. This flexible loan program provides gap financing unavailable through conventional lenders. Traditionally, companies have used revolving loan funds to start new business ventures, build new facilities, and develop new product lines. For more information: New Mexico Industry Development Corporation North Central New Mexico Economic Development District |