Business Line of Credit

Highlights

  • Loan Amount

    Loan amount varies depending on cash flows generated by the business and/or collateral available.

     

    $5,000 – $100,000

  • Interest Rate

    Interest will vary widely based FICO score, collateral available and business cash flows

     

    7% – 36%

  • Time To Fund

    Timing varies based on type of line of credit (i.e., asset based line of credit vs. cash flow line of credit)

     

    1 – 4 Weeks

Learn the Good & the Ugly
PROS
  • Cash available on demand
  • Suitable to service temporary cash needs
  • Flexible on FICO score
CONS
  • May require collateral
  • Higher interests with low FICO score
See What you need to qualify

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Net profit is defined as Ordinary Business Income (Loss) as reported on tax return

 

 

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