Qualifications:
- 6+ Months in Business – Your business must be operational for at least six months to be qualified for business line of credit.
- $10,000+ Monthly Gross Sales – Your business should generate a minimum of $10,000 in monthly revenue.
- 600+ FICO Score – A minimum credit score of 600 is required.
What is a Business Line of Credit?
A business line of credit is a flexible financing option that allows businesses to borrow funds as needed, similar to a credit card. Interest is paid only on the borrowed amount, and funds can be used for various purposes like managing cash flow or covering unexpected expenses. Once repaid, the credit becomes available again, making it a revolving form of credit that can be accessed repeatedly.
Top Industries:
- Healthcare
- Construction/Contracting
- Retail
- Manufacturing
- Professional Services
Benefits:
- Same Day Funding – Quick access to funds when needed.
- Cash Flow Management – Helps businesses maintain steady cash flow.
- Flexible Repayment Terms – Tailored to suit business needs.
- Interest Only Paid on Amount Used – No unnecessary interest costs.
- Simple Application – Easy and hassle-free process.
- No Cost Advisor – Get expert guidance at no extra charge.
- Amounts Up to $5 Million – Large funding amounts available.
Required Paperwork:
- Signed Application
- 6 Months Business Bank Statements
