BUSINESS LINE OF CREDIT
A business linr of credit is a flexible financing option that allows businesses to borrow funds as needed, similar toa credit card. Interest is paid only on the borrowed amount and funds can used for various purposes like managing cash flow or covering unexpected expenses. Once repaid, the credit becomes available again, making it a revolving form of credit that can be accessed repeatedly.
Minimum Qualifications:
- 6 Months in Business
- $10,000+ Monthly Gross Sales
- 600+ Minimun FICO
What's Needed:
- Signed Application
- 6+ Months Business Bank Statements
Fast Facts:
- Same Day Funding
- Amounts Up to $5 Million
- Flexible Repayment Terms
- Interest Only Paid on Amount Used
- Used for Cash Flow Management