Empower Your Business with Flexible Financing: Apply for a Business Line of Credit Today!
The average approval is 10% of your companies annual revenue! Minimum time in business is one month. Minimum monthly revenues $17,000 and minimum credit score is 650. The borrower can have no more than two outstanding merchant cash advances.
Get pre-approved in 24 hours and funds deposited to your account within 10 days.
The power of a Business Line of Credit!
Why is a business line of credit so popular with business owners? Because interest is only charged monthly on the amount of the credit line used. Plus, when you pay down the amount of the line used, the funds are eligible to be used again.
The term is typically 12-18 months.
The average rate charged is dependent on your time in business, monthly revenue and credit score.
Minimum annual sales required of $200,000, and minimum time in business 1 month. Minimum credit scote 650. Keep in mind, the higher the sales, the longer time in business and higher credit score would result in a higher offer.
Dealbreakers…No bankruptcy, unpaid collections, charge offs, unpaid liens or home based businesses.
Timeline from application to funding.
The online app is easy to complete, the only docs you will need to upload as part of the app process is your last 3 months of business bank statements.
Within 24 hours, a lender rep will reach out to you to review your information provided, and discuss next steps for pre qualification.
From there, depending on your file, more documents may be required from you for final loan review.
The typical turnaround time from app to final approval and funding is 10 days.
The approved funds are wire transferred or ACH'd into your business checking account.
