Line Of Credit
With
Minimum Interest Rate
From 7% APR
Maximum Approval Amount
$250k
Maximum Loan Position
3rd Position
Approval Time
1-2 Business Days
Repayment Stractures
Weekly – Monthly
A Revolving Line Of Credit Advantages For Small Business Owners
A business Line Of Credit is an ideal solution for business owners that are looking for extra capital to manage their day-to-day expenses or additional funds that will function as a safety net for their business.
- The Lowest Rate:
The flexibility of our business line of credit allows you to have full control on the cost of the capital. A relatively low rate in combination with a “No Prepayment Penalty” policy, your cost of capital can be the lowest rate in the market for an unsecured business loan.
- Use As You Need:
The Line Of Credit is there if you need it, but you’re under no obligation to use it!
- Capital At Your Service: Unlike other loans, our Line Of Credit permits you to run your business without needing to get a brand-new loan every time you need some extra funds.
How to qualify for a business line of credit?
PERSONAL CREDIT SCORE
FROM 600 FICO
MINIMUM ANNUAL REVENUE
$360,000
Minimum Annual Revenue
$350,000
YEARS IN BUSINESS
MINIMUM 12 MONTHS
Frequently asked questions
IS THERE AN EARLY PAYOFF DISCOUNT?
The best thing about this prigram is the revolving nature of it. That means you will pay interest only for the amount you use for the duration you use it. Once the amount you used and the relevant interest is paid back you will not pay anymore. For example if you decide to use $10,000 for 12 months at a 8% interest, and you pay-off the amount within 6 months you will pay only 4% interest ($10,400).
CAN I WITHDRAW MORE FUNDS BEFORE I PAY BACK THE INITIAL WITHDRAW?
Yes. If you have not utilized already the full line of credit, you are allowed to withdraw up to the full approval amount. Every withdrawal will function as an individual loan.
WHEN DO I NEED TO PAY BACK THE FUNDS IF I WITHDRAW FUNDS MORE THEN ONCE AT THE SAME TIME PERIOD OF PAY BACK?
Each withdrawal function as a separate loan and should be paid back at the time frame you were approved for with no relation to the other withdraw.
CAN I QUALIFY FOR AN INCREASED AMOUNT AFTER I GOT APPROVED FOR A BUSINESS LINE OF CREDIT?
Yes. Your business may qualify for a credit line increase once you have established an initial relationship and maintained a good track of payments.
