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BUSINESS
LINE OF
CREDIT
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BUSINESS LINE OF CREDIT
Revolving line of credit for instant access to funds
Small Bussinesses may seek lines of credit through their banks. This form of funding can allow you to access additional funds whenever you need them.
These loans are guaranteed by the Small Business Administration because of this they offer some of the lowest rates on the market, as well as long repayment terms and the ability to borrow up to $5 million. Repayment ranges from 7- 25 years based upon how you plan to use the money. SBA loans are best for strong credit borrowers who have been operating for 2 years and are willing to work on the long application process to expand their business or refinance debt.
A line of credit allows you to borrow funds only when you need them when unexpected expenses happen, with a low rate. The approval process is fast and requires minimal paperwork.
financing made for you
pros
• Can help you manage cash flow
• You will only pay interest after using the funds
• Flexible borrowing
• Typically no collateral required
cons
• May have maintenance fee or withdrawal fee
• Good credit and consistent revenue required
• It doesn't offer a long term solution to your financing needs
best for
• Short term needs
• Seasonal businesses to help manage cash flow
learn more about
bussiness line of credit
Minimum requirements
- Fico Score above 620
- Monthly Average Revenue above $20,000
REQUIRED DOCUMENTS
Apply
Fill out our Quick Apply application.
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Recieve Funding
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