Lines Of Credit
TO MANAGE YOUR CASH FLOW
- UP TO $250,000
- 6 MONTH - 3 YEAR TERM
- WEEKLY OR MONTHLY REPAYMENT
- AS LOW AS 4.66% SIMPLE INTEREST
- AS FAST AS 1 DAY
HOW DO THEY WORK?
A line of credit and a company credit card are extremely comparable. You can only withdraw from your approval limit the amount you actually need, pay interest only on what you actually draw, make regular weekly payments, and repay the loan early at any time without incurring penalties.
WHAT DO THEY COST?
We provide credit lines with simple interest rates as low as 4.66%. The precise line amounts and rates are decided after a thorough evaluation of the business's financial health and both its personal and commercial credit ratings.
WHEN WOULD THEY MAKE SENSE?
Since you don't have to use the entire authorized amount at once, a line of credit allows you to obtain funding very immediately as needed. Business owners typically use lines of credit to cover shortfalls in accounts receivable, pay employees, or handle unforeseen needs.
WILL I QUALIFY?
Normally, a small business may only acquire a line of credit if one or more of its owners have excellent credit, the business has a proven track record of success, and there is collateral available. However, for our lines of credit, all you need to be accepted for is a 560+ FICO score and six months of business experience.