Be Prepared for Issues or Opportunities

Business Line of Credit

When your business needs funds from time to time to keep daily operations running smoothly, a business line of credit will help you to easily manage cash flow requirements as needed. Compared to bank options, you will love our light application and fast processing (and soft credit pull).

Business Line of Credit

Basic Qualifications

TIME IN BUSINESS

12+ months

BUSINESS REVENUE

>$35,000/mth

OWNER'S CREDIT SCORE

>650 FICO

Funding Parameters

Amounts

$10k to $20m

Term

6-60 months

Rates

from 3.3%

Processing Speed

1-3 days

Typical Application Requirements

  • Basic credit application
  • 4 months of business bank statements
  • Government issued photo ID
  • Voided check or bank letter

Use Funds from a Business Line of Credit for Any Business Purpose

A business owner knows that opportunities or challenges may arise quickly, therefore having access to funds via a business line of credit is crucial to being well prepared ahead of time. This type of business credit offers rapid access to a crucial amount of funding to be drawn periodically over time. Once in place, the line of credit may be accessed from time to time as needed and the funds may be used for many legitimate business purposes, such as:

  • purchase inventory
  • purchase equipment/machines
  • marketing/advertising campaigns
  • renovation/location refresh
  • franchise obligations
  • deal with slow periods/seasonal changes
  • pay off high interest debt (e.g. merchant cash advance)
  • pay business taxes

Perhaps your business needs all of the funding now instead of periodically over time? Then consider a business term loan that gets you approved for a loan providing complete funding for your business objectives now.