A business line of credit is one of the most attractive funding tools a business owner can have to either startup or grow their business. In many ways, a line is better than a loan. For example: with a line, you only pay for what you use, any amount you don't use you simply don't pay for yet is still available in case needed at a later time. See some of the other features below.
Amount: $25,000 - $300,000
Interest Rates: 0% for 12 - 15 months
Terms & Conditions: Revolving - Unsecured
Speed: 2 week or less
Docs Required: None. Startups are welcome!
The low rates & long terms that SBA backed funding provide can be very attractive. However, the amount of documents required by lenders can make the process long and daunting. Our network of lenders have the quickest funding process in the country. See some of the features below.
Amount: $5,000 - $300,000
Interest Rates: 6 - 8%
Terms & Conditions: 10 years - Unsecured
Speed: 2 weeks or less
Docs Required: Last 3 years Corporate Tax Returns
Amount: $5,000 - $5MM
Interest Rates: 15 - 30%
Terms & Conditions: 6 - 24 Months - Unsecured
Speed: Same Day
Docs Required: Last 3 months Corporate Bank Statements
A conventional business loan at rock bottom rates and long terms is all good. However, many businesses neither qualify nor need those terms. Many businesses - depending on industry or profit margins - can use a short-term "bridge loan" ASAP to promptly capitalize on a business opportunity. See some of the features below.
According to both private and government statistics, minorities make up a large and growing portion of newly launched small businesses in the last few years yet make up a relatively small portion of business loan approvals. This is especially true in underserved communities. We have lending programs that would help reverse that trend. See some of the features below.
Amount: $1,000 - $25,000
Interest Rates: 10 - 16%
Terms & Conditions: 1 year - Unsecured
Speed: 1 week or less
Docs Required: Last 6 months Corporate Bank Statements