Apply Today & Get Funded Tomorrow!
Line of Credit Approvals up to $300K & Rates aslow as 8.99%
Line of Credit – The Challenge:
As a business owner, you need fast and reliable access to capital to manage cash flow fluctuations and grow your business, but there are challenges to getting these funds:
• Banks are slow, rigid, and have complicated processes
• ‘Alternative’ lenders often charge high interest/fees, with inflexible terms and
amounts
• Finding the right funding solution can be stressful, time-consuming, and take
you away from running your business
Line of Credit – The Solution:
We believe you deserve flexible and affordable access to capital and have designed a line of credit to serve your unique business needs.
• Approvals up to $300K
• Access to funds within 24 hours
• Draw multiple times per day – if needed
• Complimentary cash-flow monitoring
• No prepayment penalty
• Dedicated business advisors to support you as your business grows
Line of Credit – Highlights
Unsecured Revolving Credit –
Line
Fast approvals up to $300,000.
Interest Rates from 8.99% – 24.99%
Your line amount and rate will be based on our assessment of your business along with your business and personal credit.
Fixed Weekly or Monthly Payments
Automatically deducted from your business bank account, so you don’t have to worry about missing due dates. Each draw will have a term of 6, 12, or 18 months with equal amortized payments.
Your business may qualify for Monthly, Interest only payments.
Line of Credit – Qualifications
Time In Business
6+ months.
Personal Credit Score
600+ Credit Score.
Monthly Gross Revenue
$15K+ per month.
Average Daily Balance
$1K+
Your business may qualify for Monthly, Interest only payments.
“C” Credit Equipment Financing – Program
Under 2 Years – Time in Business or Start-Up Businesses
Credit Challenged – Credit Scores under 600
Application Only – Available on Equipment Purchases $5,000 to $100,000
Approval Amounts From $5,000 to $500,000
Down Payment Required – 10% – 40%
Bad Credit Equipment Financing / Challenged Credit Equipment Financing
“Start-Up” Equipment Financing Program
No time in business required
620+ Credit Score (All 20%+ Owners Must Have a 620+ Credit Score)
0 – 12 Months In Business – $30,000 Max Approval (Unless Using Real Estate Collateral or 20%+ Down Payment)
12 – 24 Months In Business – $40,000 Max Approval (Unless Using Real Estate Collateral or 20%+ Down Payment)
Restricted Industries Do Not Apply
How it works
time. Only pay interest on what you draw. Pay back your balance early at any time.
• Manage accounts receivable gaps
• Take advantage of new opportunities
• Manage unexpected expenses
Because of the cyclical nature of business, you may need to borrow money to meet your short- term needs or goals. One commonly used option to obtain these funds is by securing a line of credit. You can withdraw any increment from your line of credit at any time, as long as you don’t exceed the maximum approval amount set in the agreement.
A revolving business line of credit is similar to a credit card, since you use it as you need it. You make payments on a regular, pre-determined schedule, and you can borrow or use more as your principal is paid down.
How can I use my credit line?
Lines of credit are primarily used to help even out cash flow. A line of credit loan is typically used for short-term working capital needs like covering payroll when you hire new employees; purchasing inventory during a busy season or to fulfill a larger order; or offsetting seasonal lapses in cash flow. Whether you use your line of credit monthly or quarterly, it’s comforting to know you can draw from it when needed.
Is a Line of Credit a good fit for my business?
A business line of credit is a good option to offset fluctuations in working capital when your expenses stay constant. Your new credit line gives you access to funds to pay bills on time, purchase additional inventory if needed, or run a new marketing/advertising campaign.
The advantage of a line of credit over a regular business loan is that interest is only charged on the funds you actually use. Additionally, your business can draw on your available credit at any time.
Is a Line of Credit a good fit for my business?
A business line of credit is a good option to offset fluctuations in working capital when your expenses stay constant. Your new credit line gives you access to funds to pay bills on time, purchase additional inventory if needed, or run a new marketing/advertising campaign.
The advantage of a line of credit over a regular business loan is that interest is only charged on the funds you actually use. Additionally, your business can draw on your available credit at any time.
