What is a Line of Credit?
Form of financing that allows borrowers to withdraw funds and only pay interest on the amount drawn.
You have the flexibility to withdraw only what you need, when you need it.
With a Line of credit, you can be ready for unexpected situations and challenges.
DOES NOT REQUIRE COLLATERALS
Is this the right thing for you?
Stability to small businesses that are more likely to expect seasonal sales fluctuations.
If you don’t need the funds today , you can draw funds later on when you need business financing.
You can plan and manage your future cash flow better with less stress.
To cover expenses that normally don’t require a loan
Qualifying for LOC
These help us to understand your business
At least $100,000
in annual revenue.
in annual revenue.
600
Credit Score
Credit Score
Your business must
have been open for
at least 1 year.
have been open for
at least 1 year.
Term Loan vs Line of Credit
Term Loan
Great for business expansion.
When paying off early, usually there is a discount.
Many options of term loans can be offered.
Line of Credit
Withdrawing money when needed.
Pay for what you withdraw.
Get a Business Loan in 3 Easy Steps
Step 1
Fill out our online application
Step 2
Choose your preferred terms, reviewing the options with your dedicated loan advisor
Step 3
Receive the funds into your business bank account