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Line of Credit

A line of credit is a common financing tool for getting working capital quickly and paying the borrowed amount back over time with interest. Like any other credit situation, we’ll set you up with a maximum amount you can spend based on factors like your cash flow and the health of your business.

They’re an excellent solution for repeated borrows and repayments since the same line of credit can be reused once previous balances are paid down. Your line of credit will remain open and available for as long as you follow the rules of your financing agreement.

Benefits of a Line of Credit for Your Business

Lines of credit are highly flexible financing options that allow you to borrow the capital you need and pay it back over time. You will only pay interest on the capital you use, not the amount of your limit. This differs from a standard business loan, which charges interest based on the full borrowed amount.

Many industries can benefit from using a line of credit as a financial safety net. You’ll have the capital you need to operate efficiently during unusual periods of slowness or other headwinds.

Like any credit account, “good behavior,” such as keeping an open balance and repaying on time, can increase your credit limit over time, giving you added flexibility.

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About Us

Denali Advance was founded by two passionate entrepreneurs, Nate Fried and Brad Brown, who have known each other since childhood. After independently leading successful lives, they came together again to form Denali Advance.

They got the idea after noticing a need for small businesses to have faster access to funds that help their businesses grow. We strive to stand apart from other providers by offering a more personalized yet analytical approach to small business capital.