Loans & Lines of CreditBack to Our Services
A business line of credit is a great option for many small and medium sized businesses because of the flexibility it offers. A line of credit will be extended up to a certain amount, we will say for example that your business receives a $100,000 credit limit, you will only pay interest on the amount used. You can then draw and repay funds as you wish, if you don’t exceed the credit limit. It is a great option for managing cash flow, purchasing inventory, or if a surprise expense pops up. You can usually qualify for a business line of credit with a less than perfect score and there is usually not a collateral requirement.
What Do I need to Qualify?
- 6+ months in business
- 500+ credit score
- $120,000 + in annual revenue
What Documentation Will Be Required to Apply?
- 4 months of recent business bank statements
- Completed DocuSign Application
- Credit Score
- Credit Card Processing Statements (Required if you process Credit Cards)
- Voided Check
- Driver’s License
If you have any other questions please don’t hesitate to contact one of our friendly and knowledgeable funding specialists.