Lines of Credit
A Line of Credit typically supports short term working capital needs often resulting from the timing of receivables collections, inventory purchases and vendor payments. The facility revolves (one can borrow, repay & re-borrow) and is most often the appropriate structure for growing, seasonal and cyclical businesses. In most cases, Line of Credit availability is tied to a formula driven by eligible accounts receivable and inventory.
At the Business Development Company, we offer lines of credit to medium and small businesses in Rhode Island, as well as nearby Massachusetts and Connecticut.