top of page

Business Lines of Credit

A line of credit allows you to perpetually access cash whenever you need it!


A business line of credit, also referred to as a LOC,  is a revolving loan for fixed amount of capital, which can be accessed as needed to finance any short-term or long term business needs as they arise. 


This type of loan is perfect to bridge short term gaps and cover any recurring business expenses.  The best part is you only pay interest on the money you draw!


Current interest rates start around 1% to 3.25% per month and terms up to 36 months depending on the financial strength of the file.

Unsecured and Secured Lines of Credit

There are two types of business credit lines: A secured and unsecured LOC.


The difference is with an unsecured LOC there’s no collateral required, therefore the  approval process is typically faster.


With an secured line of credit the approval process is slower, but you can get approved for a higher amount because the money is secured against your assets.


Most of the time if  given the choice, small business owners prefer an unsecured line of credit.

LOC General Information

* Funding Amount: $20,000 to $1,700,000 mm

* Terms: 6 months to 3 years

* Payment Type: Daily, weekly, bi-monthly, monthly

* Minimum Credit Score: 625

* We fund in all fifty  states

* Early payment discounts available  


** Lines of credit with sub 625 credit scores may be considered if your business is at least 1 year old and additional qualifications are met.**


How it works: Once you pay down the balance you can  use the credit line over and over again perpetually. 


Top reasons to use a line of credit: 


1. Bridging various cash flow gaps

2. Covering payroll and other business expenses in a pinch

3. Hire more employees

4. Consolidate current high rate loans or credit cards 

5. Paying off fifty percent balances on merchant cash advances

bottom of page