Line of Credit

  • A business making more than $15,000 with owner(s) FICO scores above a 600 is provided with a revolving Line of Credit (LOC) at low rates
  • Rate range: 4.5%-24.95%
  • LOC is paid on a consistent predetermined schedule (weekly or monthly)
  • LOC terms are up to 24 months.
  • More funds are available to draw as the principal is paid down
  • Credit lines up to $500,000
  • Approvals are extremely instant, and the credit limit can increase as long as there is a good repayment history

Understanding Business Line of Credit

Credit Limit

$1000 - $5,000,000.00

Time to fund

1 - 2 week

Credit Terms

1 - 2 year Maturity

INTEREST RATE

8 - 24 %

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Line of Credit Rates are based on

  • Fico Credit Score
  • TIB (Time in business)
  • Monthly Deposits
  • Current Positions

Line of Credit Required documents

  • 6 months of recent business bank
  • Debt Schedule (List of outstanding business Loans)
  • Application with business and merchant details
  • Driver’s license
  • Voided check
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Minimum Requirements For a Business Line of Credit

if your business doesn’t match some of the qualifiers below,it may be more challenging to receive funding from our lending partners

Credit Score

560 or higher

ANNUAL REVENUE

at least $100K

TIME IN BUSINESS

6 Month Or More

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