LINES OF CREDIT

TO MANAGE YOUR CASH FLOW

A line of credit is very similar to a business credit card. You can draw only the funds you need from your approval limit, only pay interest on what you draw, make fixed weekly payments, and pay it back early anytime without penalty.

HOW does it Work?

Funding Amount: Up to $1M | FICO Score: 560+ | Time in Business: 6 Months | Funding Time: 1 Day | Term Length: 6 Months - 3 Years | Interest Rates: As low as 1% | Weekly or Monthly Repayment

WHAT YOU NEED TO KNOW

A line of credit gets you funding pretty much instantly as needed, since you don't have to take out the whole approval limit all at once. Normally, business owners use lines of credit to handle gaps in accounts receivable, make payroll or manage surprise expenses.
 
Generally, a small business will only qualify for a line of credit if its owner(s) have strong credit and it has a long financial track record as well as collateral to put up, but all you’ll need to get approved for our lines of credit are a 560+ FICO score and 6 months time-in-business.

Pros

  • Interest is only charged on the funds you use

  • Access flexible capital whenever you need it

  • Reduce interest costs by repaying early

Cons

  • Updated documents may be required before each draw

  • Business must be operating for at least 1 year

  • No more than 3 days of negative balance in your bank account

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WHAT DOES IT COST?

Our lines of credit go as low as 4.66% simple interest. Exact line amounts and rates are determined based on a holistic analysis of business financial strength as well as personal and business credit scores.

Apply Now

Apply FOR FREE to qualify your business:

Or call us at 844-466-6394