Service Details
BUSINESS LINE OF CREDIT
Easy Credit for Business Owners Who Don't Slow Down
Line of Credit for Small Businesses
Running a business means facing unexpected cash flow challenges. Whether it’s stocking up inventory, emergency repairs, or just smoothing out the ups and downs, having a line of credit in your back pocket can be a real life saver.
We simplify the process. With just 2 years in business, a projection of $500K revenue, and a 680 credit score, you’re more than numbers on a page. You’re a business with ambitions and a line of credit to back you!
Running a business means facing unexpected cash flow challenges. Whether it’s stocking up inventory, emergency repairs, or just smoothing out the ups and downs, having a line of credit in your back pocket can be a real life saver.
We simplify the process. With just 2 years in business, a projection of $500K revenue, and a 680 credit score, you’re more than numbers on a page. You’re a business with ambitions and a line of credit to back you!
Line of Credit for Small Businesses
Uses
Enjoy the flexibility of a line of credit. Pay when you use it and save when you don't. Once you pay off the balance, you have access to those funds again. Truly a revolving line you can have until you die (God forbid)..well at least until you retire 🙂
Features
Business Line Of Credit
1.No term. It's revolving
Yes, no term. Like a credit card, you use the line, you pay it off, you have access to it again
2. Monthly payments
To make it better, this is monthly payments on what you use. So if you go on vacation and don't use the line, there's no payment for that month pending you don't currently have a balance
3. Rates starting as low 8% APY
8% APY and decreasing!
4. Limits up to $2m
$2m might be more for the really large businesses but the average business owner can get anywhere between $100K-$250K
Work Process
We Keep It Simple. Only Three Steps to Grow Your Business
Speak With An Agent
The agent will know fairly quickly if you're a good candidate or if we'll need to pivot
Apply
All we'll need is a 30 second application, 4 months of bank statements and your most recent business tax return
Approval
48 hours later we will have an approval (or decline, hopefully not) and we can move to closing!
General FAQ
Worried About Your Credit?
1. What are the minimum qualifications to apply for a business line of credit?
Basic requirements include a minimum period of 2-year in business operation, at least $500K in annual revenue and a 680 credit score.
2. Can you provide funding for business with less-than-perfect credit?
For the business LOC, unfortunately banks are very strict at a 680 score if not higher. However, a little credit boost can get you there in 30-40 days if needed
3. What information do I need to provide for the application?
To apply, you'll need basic business information, recent bank statements, and business tax return
