● Funded Amount up to $1 million
● Terms up to 2 years
● Interest As low as 7%
● Funding Timeline 1-2 days after approval

What do you need to qualify?

● Annual Revenue $120,000+
● Fico 550+
● Time in Business 1 year

What is it?

Often, the most difficult part of running a business is maintaining cash flow. It is difficult to cover payroll as well as other expenses while remaining competitive and profitable. That is where a business line of credit comes in handy. You will get approved up to a certain amount. Thereafter, you will be able to withdraw funds as needed up to the amount you qualified for. You will only pay interest on the funds you withdraw with no withdrawal fees.

What are the benefits?

Think of the business line of credit as your business’s safety net. Use this money when needed to cover cash flow hiccups and short term expenses, Approvals range anywhere from $5,000 for a small mom and pap shop to $2.5 million for larger businesses with the proper financials. With that said, our average approval amount is $120,000 for a business line of credit.

How can I qualify?

We keep our eyes wide open during the underwriting process.To get approved, your business has to be over 6 months old and it must generate over $120k in revenue annually. As a business owner, we expect your fico to be over 550. Approvals take about 24 hours and you can expect to receive funds the next day after applying! With that said, we have approved businesses that do not meet, at least, one or all of these requirements. There are a myriad of factors that we consider during our underwriting process. We understand that every business is different. Thus, approvals vary case by case in light of that fact. Our underwriting process transformed drastically over the years and it is far less rigid than it used to be. We will try to be as flexible as possible to accommodate your needs the best we can.