Business Loans & Lines of Credit
Unlike a Merchant Cash Advance, this is a true business loan or Line of Credit, which has a pre-determined maturity date and a set monthly repayment amount established on the contract. The approval is based on the performance of the business and the personal credit of the owner.
Unlike a Merchant Cash Advance, this is a true business loan or Line of Credit, which has a pre-determined maturity date and a set monthly repayment amount established on the contract. The approval is based on the performance of the business and the personal credit of the owner.
Benefits
- Loan amount up to $5,000,000
- A decision in 2-3 business days
- Rates from 7% APR.
- Interest only available on the line of credit
- Up to 10 years term
- Monthly payments. No daily or weekly
- Collateral may be required in some cases
- At least 2 years in business
- Credit Score must be at least 650
- Must be able to show sound financials and business must be trending positive
- No Bankruptcy or Foreclosures in the past 3 years