Business Line Of Credit
The safety net you need, the flexibility you want. Want flexible financing? Then you want a business line of credit.
Understanding Business Line Of Credit
LOAN AMOUNT
$1000-$500,000
TIME TO FUND
1-2 Weeks
LOAN TERMS
1-2 Year Maturity
INTEREST RATE
8-24%
Think of a line of credit as a financial safety net for your business. It’s there if you need it, but
you’re under no obligation to use it. And when you do tap into it, you can use it to cover almost
any small business need. Plus, you only pay interest on the funds you use, not the full amount.
Benefits Of A Business Credit Line
There are multiple benefits to a line of credit that make it ideal for businesses.
Only pay interest on the funds you use
One of the coolest things about a business line of credit is that you only pay interest on the funds you use, not the full amount. For example, if you’re approved for a $40,000 business line of credit and you use $20,000 for office upgrades, you’ll just pay interest on that $20,000. This could save you a bundle in interest. Pretty cool, huh?
Multiple use cases
Just like with a credit card, you can use a business credit line for just about anything. It’s good for businesses looking to expand and in need of a little cash to set up a new location, or to buy inventory. It can also be great to have on deck in the event you might need funds unexpectedly. Or it can be good if you expect to experience cash flow issues due to an off-season or something of the like.
How To Apply For A Business Line Of Credit
1.
Fill out the 15-minute online application.
It’s secured with bank-grade encryption and SSL technology, so you know your information is safe.
2.
Receive matches.
We pair you with loan options from our network of 75+ lenders. Our dedicated fundingmanagers can help you weigh the pros and cons of each option.
3.
Get funded.
Once you’re approved, you’ll be able to access your capital in as little as 24 hours.