HOW DO THEY WORK?

A line of credit is very similar to a business credit card. You can draw only the funds you need from your approval limit, only pay interest on what you draw, make fixed weekly payments, and pay it back early anytime without penalty. 


WHAT DO THEY COST?

Our lines of credit go as low as 13.99% APR. Exact line amounts and rates are determined based on a holistic analysis of business financial strength as well as personal and business credit scores.


WHEN WOULD THEY MAKE SENSE?

A line of credit gets you funding pretty much instantly as needed, since you don't have to take out the whole approval limit all at once. Normally, business owners use lines of credit to handle gaps in accounts receivable, make payroll or manage surprise expenses.


WILL I QUALIFY?

 

Generally, a small business will only qualify for a line of credit if its owner(s) have strong credit and it has a long financial track record as well as collateral to put up, but all you’ll need to get approved for our lines of credit are a 620+ FICO score and 6 months time-in-business.