Business Line of Credit

Set aside funding for emergencies without incurring interest for funds not drawn and only pay for the time borrowed.

Business Line of Credit

This product is exactly what you imagine when you think of a Line of Credit. Draw if and when needed with fixed payments that replenish the cash available to your business!  Lines up to $250k available. Rates vary depending on qualifications. Challenged credit is typically OK.

Contact us to learn more about this program and how much your business may qualify for.

Benefits of a Line of Credit

  • Does not report to personal credit or effect DTI
  • Draw once or use in perpetuity
  • Monthly Percentage Rate (MPR) as low as .05%
  • Perfect for short-term stop gaps

Line of credit use of funds

  • Working Capital
  • Inventory and supplies
  • Business Expansion
  • Cash Equipment Purchases
  • Onboarding new staff

Line of credit at a glance

  • Monthly Simple Interest Rates starting at .05%
  • Can Set Up in 24 Hours
  • Up to $250k

Requirements

  • Minimum 600 FICO
  • $10k Monthly Gross Revenue (last 3 months)
  • No Open or Recent BK (Personal OR Business)
  • Minimum 1 Year in Business

Note: These are general qualifications. Other information may be considered at time of application

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