Line of Credit
A flexible loan that you can access as needed to borrow up to a certain amount over time.
A line of credit allows you to borrow funds for planned and unexpected expenses with a low rate. The approval process is fast and requires minimal paperwork.
Revolving line of credit for instant access to funds
How funding works
A business making more than $20,000 with owner(s) FICO scores above a 600 is provided with a revolving Line of Credit (LOC) at low rates
Rate range: 4.8%-24.99%
LOC is paid on a consistent predetermined schedule (weekly or monthly)
LOC terms are 6, 12, or 18 months
More funds are available to draw as the principal is paid down
Credit lines up to $250,000
Approvals are extremely fast, and the credit limit can increase as long as there is a good repayment history
Rates are based on
Credit score and profile
Time in business
3-6 months of recent bank statements or securely linking the business bank account
Application with basic details about the business and merchant
Proof of Address
Do you have any existing debt on your balance sheet? If yes, what are the balances owed and who are the balances owed to?
Do you anticipate needing funding anytime in the next 12 months?
What do you intend to do with the funds from a line of credit?
Good to know
Why not set up a line of credit now for a rainy day, as you won’t be paying anything until you draw from it?
Repayment can be made on a weekly or monthly basis
Great option for business owners with a 600+ FICO score and grossing at least $20,000 per month
What our clients are saying about our solutions
Our Financial Solutions and Business Services support our clients as they stay competitive and grow to keep our nation’s economy alive.
Proud owner of a restaurant in California and was seeking capital to open a second location. My specialist got me the exact dollar amount I needed to open, including renovation and equipment costs.
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Unsecured funding up to $2,000,000
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