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.
Contact us to learn more about Line of Credit
Call us to speak to a financial advisor today.
Revolving line of credit for instant access to funds
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How funding works
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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
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Rate range: 4.8%-24.99%
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LOC is paid on a consistent predetermined schedule (weekly or monthly)
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LOC terms are 6, 12, or 18 months
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More funds are available to draw as the principal is paid down
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Credit lines up to $250,000
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Approvals are extremely fast, and the credit limit can increase as long as there is a good repayment history
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Rates are based on
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Credit score and profile
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Time in business
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Monthly revenue
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Industry
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Required documents
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3-6 months of recent bank statements or securely linking the business bank account
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Application with basic details about the business and merchant
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Driver’s license
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Voided check
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Proof of Address
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Ask yourself
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Do you have any existing debt on your balance sheet? If yes, what are the balances owed and who are the balances owed to?
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Do you anticipate needing funding anytime in the next 12 months?
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What do you intend to do with the funds from a line of credit?
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