LINES OF CREDIT

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HOW DO THEY WORK?

Comparable to the functionality of a business credit card, a line of credit presents you with a range of adaptable options. This means you have the freedom to withdraw the precise funds you require within the confines of your approved limit. It's worth noting that you'll only incur interest on the specific amount you choose to withdraw. This unique approach is complemented by the convenience of fixed weekly payments. Moreover, should you decide to settle your outstanding balance ahead of schedule, there are no associated penalties. This level of flexibility empowers you to manage your financial resources efficiently and in a manner that aligns with your business objectives.

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WHAT DO THEY COST?

Our lines of credit go as low as 4.66% simple interest. Exact line amounts and rates are determined based on a holistic analysis of business financial strength as well as personal and business credit scores.

WHEN WOULD THEY MAKE SENSE?

Access quick funds instantly with a line of credit. Use as needed; no need for full limit withdrawal. Typically used for receivables gaps, payroll, and unexpected costs

WILL I QUALIFY?

In most cases, securing a line of credit for a small business necessitates the owners to possess a robust credit history and financial track record. Collateral is often expected as well. However, our approach is more inclusive. We make access to a line of credit simpler. We require just a FICO score of 560 or higher, and a modest 6 months in operation. This approach opens up opportunities for newer businesses or those with credit-building goals. Conventional lenders might impose stringent criteria, but we understand the diverse landscape of businesses and aim to offer a chance to those who might have been excluded before. Whether you're seeking to manage operational gaps, invest in growth, or handle unexpected expenses, our flexible line of credit can serve as a valuable tool.