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Financing alternatives: what bankers need to know about your business.

Article Excerpt
For every business, establishing good credit is an important and ongoing financial priority. At some point in its business cycle, owners will require financing for a number of needs, such as seasonal working capital, financing accounts receivable, restocking inventory, capital equipment investments and more.

Today's business owners can tap into a variety of financing options. For example:

* Lines of credit offer fast and flexible funds to meet short-term cash requirements.

* Long-term loans give businesses the funds needed to acquire fixed assets, such as equipment or commercial vehicles, to make leasehold or capital improvements, to finance long-term sales growth, or to expand product fines.

* Short-term loans help businesses pay for specific needs, such as financing the operating costs of a single large contract.

* Unsecured business credit cards help businesses fund a variety of expenses, including operating expenses, seasonal purchases and property improvements.

* Secured business credit cards help new business owners establish a credit record, access a convenient widely-accepted method of payment...

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