Business line of credit is Flexible solution for your Cash Flow Requirements. Only pay for what you use and draw as you need. It only takes a few questions and get pre-approved
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How to Get a Business Line of Credit
Steps to Get a Line of Credit
- Complete 2 Minute Prequalification Form
Answer a few questions about your business to see if you qualify.
- Execute Online Application
Fill out the online application and attach the last three months bank statements
- Underwriting Process
Once application is submitted they do a soft pull on credit and review the bank statments. Get approved in as little as 24 hours.
- Accept Term Sheet
Once Approved your emailed term sheet. Accept terms and draw on funds when you need them.
Benefits of a Line of Credit
Fast Pre Approval Process: It only takes a few minutes to Pre Qualify. Click the Business Pre-Qualification form and answer a few questions. Pre Approval in minutes, approvals in as little as 24 hours.
Always have Funds available: Businesses tend to have fluctuations in cash flow. A line of credit allows you to always have funds available. Once approved, drawdown anytime for same-day cash in your bank account.
No prepayment penalties: With a line of credit you can pay down the remaining balance without getting hit with penalties. Allows you to save on interest by paying down early.
Flexible Term Options: Multiple term options with weekly or monthly payments.
PreQualify for a Business Line of Credit
Business Line of Credit Frequently Asked Questions (FAQ’s)
A line of credit is ideal for businesses that have short-term fluctuations in cash flow. It can be used to take advantage of short-term opportunities or cover last-minute expenses such as purchasing inventory or covering some last-minute expenses prior to getting paid on a project.
You can purchase equipment with a line of credit but you typically will get better terms with an equipment finance agreement. Business Equipment lasts for several years and it’s better off to structure the financing along with the useful life of the asset.