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BUSINESS LINE OF CREDIT

Business Line of Credit

 

 

A business line of credit gives is another alternative loan that allows you access to funds up to your credit limit, which can be borrowed and paid back multiple times while only paying interest on the money you borrow. This is a flexible and typically unsecured way to borrow money for seasonal businesses, or businesses that need help managing cash flow or handling unexpected expenses.

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Whether you have an expansion project, renovations, need some new equipment, or another location, our Line of Credit quickly puts up to $1,000,000 at your fingertips – collateral free and up to 36 Month Terms.  Use the funds however and whenever you need and only pay for what you borrow. The initial line can be approved in 24 to 48 hours, with 24-hour access to 5 separate loan drafts over the next 6 months.

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Being prepared is smart. Business owners know opportunities and/or issues can arise quickly and having committed working capital at the ready allows them to be prepared for the unexpected!  It just makes sense to acquire a business line of credit now so you have it if or when its needed.

Pros of Business Line of Credit:

  • Loan amounts from 5k to 1mm

  • Typically no collateral required 

  • Repayment terms up to 36 months

  • Minimum first draft of only 10k

  • Use funds as needed

  • Low, fixed weekly payments

  • Quick Approvals

  • Interest is Tax Deductible

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A business line of credit can be a powerful tool for restaurant and small business owners to finance a wide variety of growth opportunities and/or unexpected expenses. Having access to committed working capital allows them to be ready for anything. There are many reasons a restaurant owner or small business owner might need a line of credit, here are just a few.:

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  • Purchase New Equipment

  • Stock up on inventory

  • Expansions

  • Renovations

  • Opening another location

  • Paying for Franchise obligations

  • Acquiring a liquor license

  • Buying out a business partner

  • Adding catering or takeout services

  • Adding an outdoor patio

  • Upgrading your POS System

  • Paying Business Taxes

  • Cash Flow

  • Paying off debt

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Our 3 Step Process:

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1. Apply

Fill out our Quick Apply application.

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2. We review your application

We review your goals and present you with programs matching your needs, getting an offer in 24 hours.

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3. Receive funding

Choose the program that fits you best and receive funding within 48 hours.

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