A business line of credit (LOC) provides small businesses access to capital when the need arise without the obligation to use the capital. It offers the flexibility of having a back up capital when an opportunity or an emergency arises. Think of it as the safety net that helps you bounce back
The primary advantage of an LOC is that you only pay interest on what you borrow. Once that’s been repaid, you can borrow again. This is a great starting point for businesses with less established credit history as it allows you to build your credit record
To get your business line of credit, your business needs to be in operation for at least 6 months with an annual revenue of $50,000 or more. Additionally lenders would consider applicants with less than ideal credit history
The application is simple: fill out our 15 minute application at no cost or obligation to compare options from over 80 lending partners. Our funding managers will help you select the best rate, terms, and payment plans.