Major advantages to businesses of the CAPLines program is that interest is only paid on the amount actually borrowed, and that further cash is always quickly and easily available up to the maximum loan amount.

Benefits

  • Set payments at regular intervals
  • Can be used for a wide variety of purposes
  • Relatively low interest rate
  • Long repayment schedule

Drawbacks

  • Lengthy application process
  • May carry early payment penalty
  • Variable interest rates may increase