Business Line of Credit
BUSINESS LINES OF CREDIT UP TO $150,000
* Please check back later, this program is being revised *
TURN YOUR VISA AND MASTERCARD PAYMENTS INTO A LINE OF CREDIT FOR YOUR BUSINESS.
If you are a business that accepts Visa or Mastercard as a form of payments, our business line of credit program is for you. We use your future credit card sales to provide your business with working capital.
A line of credit allows your business to have a more affordable way of borrowing. It’s a great way to manage unexpected expenses. Lines of credit provide ready cash to help you meet short-term funding needs, such as increasing inventory, dealing with seasonal cash flow issues, or taking advantage of unexpected opportunities.
Our business credit lines are designed to help business owners finance their company’s growth. You can begin the application process online today and a representative will contact you within 24 hours.
BENEFITS OF A BUSINESS LINE OF CREDIT
Our business line of credit program is open to the following This loan program is for business owners that are 3 years in business. This loan can not be used to purchase an exisiting business or to start a business. The owner of the business must have good / excellent personal credit and good business credit.
SHORT TERM BUSINESS LOAN PROGRAMS
Program #1
- Must be 6 months time in business
- Minimum gross sales must be $25,000
- Must maintain a DAILY bank balance of $1,500
- Owners credit – N/A
- Minimum loan amount is $5,000 Max is $40,000
- Maximum length of loan 2.5 months
Program #2
- Must be in business 1 year
- Minimum gross sales $10,000
- Must maintain a DAILY bank balance of $500
- Owners personal credit must be 525+
- Minimum loan amount is $5,000 Max is $500,000
- Maximum Loan Term 10 months
Program #3
- Must be in business 2 years
- Minimum gross sales of $25,000
- Must maintain a Daily bank balance of $500
- No NSF
- Owners credit must be a 640+
- Minimum loan amount is $15,000 Max $500,000
- Maximum term 10 months
