Line of Credit
Business line of credit = flexible funds. Good credit score = better loan terms.
Types of Business Line of Credit: Secured and Unsecured?
A secured business line of credit:
Secured business line of credit = collateral needed (usually real estate). Good for new businesses or those with credit issues. Lender uses collateral for payment if business defaults.
The unsecured business line of credit:
Unsecured business lines of credit don't need collateral but may require a personal guarantee, have higher interest rates, and require a strong credit score.
Why Get a Business Line of Credit?
A business line of credit allows small businesses to access funds as needed for day-to-day needs without constantly applying for loans.
How Does a Business Line of Credit Work?
A business line of credit is a flexible way to access funds as needed, with interest charged only on what is used.
What is the Best Business Line of Credit?
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Fast process (from application to funding)
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Access to a wide variety of lending options
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A true revolving line - access to additional funds once you begin to pay back the line
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Ongoing access to the line to be used to assist with cash-flow in times of opportunity and emergency
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Better rates and terms that meet your business needs
What Do You Need To Qualify?
6+ Months in Business
You can qualify for our top financing options with as little as 6+ months in business.
$5,000+ Monthly Gross Sales
The minimum revenue to qualify for financing options are $5,000 per month, or $60,000 in annual gross sales.
600 FICO Score
We have financing options for all credit profiles. The minimum FICO score required to apply is 600.