Why a Working Capital Loan Beats Credit Card Debt

At Live Oak Bank, we understand the various challenges small business owners face. A steady cash flow is critical, and even a temporary shortage can disrupt your entire operation. Some businesses might turn to credit cards to bridge the gap – but before you swipe, consider a smarter solution: a Live Oak® Express working capital loan.

Why credit cards aren't the answer

Credit cards might seem convenient, but they could be a costly trap for your business. High interest rates can quickly turn a small cash crunch into significant debt. Minimum payments drain your cash flow, hindering your ability to invest in growth.

Live Oak's working capital loan

A Live Oak® Express working capital loan is specifically designed to address short-term cash flow needs. Here's why it’s a better choice than using a credit card:

• Lower Rates, More Savings*: We offer significantly lower interest rates than credit cards, saving you money and keeping your business profitable.
• Flexible Repayment Options*: Unlike credit cards with rigid minimum payments, our loans offer flexible repayment terms. Spread the cost out over a longer period to fit your budget and cash flow.
• Fuel Your Growth: By avoiding high-interest credit card debt, you can free up resources to invest in what matters – marketing, hiring, or expanding your product line.

*Interest rate and repayment terms are based on creditworthiness.

How working capital can support your goals

A working capital loan from Live Oak can help you navigate various situations:

• Seasonal Swings: Does your business experience seasonal dips in sales? Bridge the gap with a working capital loan, ensuring you can cover expenses during slower periods.
• Inventory Investment: Need to stock up for a busy season? With a working capital loan, you can purchase inventory without waiting for customer payments.
• Unexpected Expenses: Unforeseen repairs or equipment breakdowns can derail your cash flow. With a working capital loan, you can handle these emergencies without disrupting operations.
  
  

The Live Oak difference

Before applying for a business loan, it’s crucial to assess your business's needs and overall financial health. Explore our loan options and compare interest rates, fees, and repayment terms that fit your specific situation.

At Live Oak Bank, we're dedicated to your success. We don't just offer loans; we offer a partnership. Our experienced loan specialists will guide you through the process, ensuring you get the right financing solution for your business.

Learn more about Live Oak® Express, a streamlined loan for business owners who need funds fast.