Just because you earn a high income, doesn’t mean you have access to the liquidity you need. In fact, it’s not uncommon for delayed payments, such as reimbursements, bonuses, and commissions to interfere with the liquidity of high-income professionals and business owners like yourself.

This can be problematic as sufficient liquidity can allow you to cover large, one-time expenses, such as taxes, school tuition, medical bills, and home renovations. Without it, these costs can quickly add up and take a toll on your finances.

Understanding liquidity: The cornerstone of financial flexibility

What is liquidity, exactly?

Liquidity refers to how easily and efficiently you can access cash or cash-equivalent assets without significantly affecting their market value. Checking accounts, saving accounts, Treasury bills, money market shares, and certificates of deposit (CDs) with short terms are all examples of cash-equivalent assets you might have.

Liquidity doesn’t equal savings

Contrary to popular belief, the terms “savings” and “liquidity” are not the same. Savings is the money you set aside for various financial goals, such as emergency expenses, vacations, and retirement.

Liquidity, on the other hand, gives you access to funds at just about any time to help cover a short-term financial obligation, such as a car repair or medical bill. Your savings can offer liquidity but they may also be non-liquid, meaning they’re difficult to access without losing their value or paying fees.

Why liquidity matters—even for high earners

Even if you earn a great living as a seasoned professional or business owner, strong liquidity is important. Here’s why: When you have liquid assets at your disposal, you’re less likely to tap into your retirement or taxable investment accounts. You’ll be able to quickly retrieve the cash you need to pay for any planned or unexpected expense that comes your way.

Liquidity will also enable you to preserve your credit profile because you won’t have to worry about missed or late payments. Plus, you’ll enjoy the peace of mind of knowing you can meet daily cash needs, cover emergencies, avoid (or minimize) debt, and achieve your financial goals.

Why traditional financing may not meet your needs

The limitations of credit cards

While credit cards may be a convenient way to pay for your expenses, they do come with several drawbacks to consider. Compared to other lending products, cards usually have higher interest rates and lower credit limits. Also, since you can borrow as much or as little as you’d like, up to your credit limit, it can be tempting to overspend and accrue credit card debt. Additionally, late or missed payments can lead to fees and hinder your credit score.

The problem with tapping into investments

Investments are ideal for long-term savings goals, such as retirement or college tuition. However, utilizing them for short-term expenses can cost you. In most cases, you’ll face consequences for retrieving the funds early.

For example, with a 401(K) retirement plan, you’ll owe a 10% tax penalty if you pull money from your account before age 59 and a half. Early withdrawals can also reduce your returns and eat into your retirement savings.

Liquidity means leverage: Strategic reasons to secure a personal loan

If you’re looking for a way to increase your liquidity and improve your finances, personal loans for high earners are worth exploring. With a low interest loan, the opportunities are endless. You can strengthen your emergency fund or free up cash flow for investments.

A loan may also support some of your personal expenses so you can focus on your business goals, such as hiring, upgrades, or expansion. It may be just what you need to stay resilient during difficult economic times as well as shifts in your personal or professional life.

How a personal loan from BHG supports liquidity goals

High loan amounts with competitive rates

With a BHG personal loan, you may borrow up to $250,000¹ with a competitive, fixed rate. Furthermore, since our loan terms go up to 10 years,^1,2 you can enjoy lower monthly payments and more liquidity month-to-month.

Unsure of the ideal borrowing amount and term for your unique needs? Rest assured a U.S.-based loan specialist will be happy to make a recommendation and guide you through the process. We work with many high-earners and are here to help you succeed.

Fast access to funds—when you need it most

If you make the smart decision to apply for a BHG personal loan, you may get approved in as little as 24 hours,³ depending on your timing and circumstances. Also, upon approval, you won’t have to wait weeks or months for the funds as BHG usually distributes them in as little as five days.³ If you shop around, you’ll find that a BHG personal loan is one of the quickest cash flow solutions available.

Customized for high-income professionals

Specifically designed for high-income professionals and business owners, the BHG personal loan doesn’t require collateral. Therefore, unlike other financing options, you can take advantage of it without putting your house or car on the line. In addition, our proprietary underwriting process considers your unique income structure and situation, so you don’t have to worry about explaining yourself to get approved.

Consolidate high-interest debt to free up cash flow

While a BHG personal loan is highly versatile and can be used for a variety of purposes, it’s ideal for debt consolidation for professionals. If you have multiple, high-interest debts, you’ll be able to combine them into one fixed monthly payment with a lower interest rate, streamlining the payoff process and saving you thousands of dollars in interest. You may then put the money you save towards other financial goals, such as retirement or investing in home improvements.

Ready to strengthen your liquidity strategy? Let BHG help

A BHG personal loan makes it a breeze to secure the liquidity you need to thrive, not just survive in today’s day and age. If you’re a successful professional who is ready to steer yourself toward unparalleled financial success, you owe it to yourself to check your eligibility and offers today, with no impact to your credit score.⁴

Not all solutions, loan amounts, rates, or terms are available in all states.   

¹ Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile.

² Personal Loan Repayment Example: A $59,755 personal loan with a 7-year term and an APR of 17.2% would require 84 monthly payments of $1,229.

³  This is not a guaranteed offer of credit and is subject to credit approval.  

⁴  There is no impact on your credit for applying. For personal loans, a complete credit history, which will appear as an inquiry on your credit report, will be performed upon acceptance and funding of the loan and may impact your credit.

No application fees, commitment, or impact on personal credit to estimate your payment.

Consumer loans funded by Pinnacle Bank, a Tennessee bank, or County Bank. Equal Housing Lenders  

For California Residents: BHG Financial loans made or arranged pursuant to a California Financing Law license - Number 603G493.

IMPORTANT INFORMATION ABOUT ESTABLISHING A NEW CUSTOMER RELATIONSHIP 
To help the government fight the funding of terrorism and money laundering activities, Federal law re-quires all financial institutions to obtain, verify and record information that identifies every customer. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. If all required documentation is not provided, we may be unable to establish a customer relationship with you. 