Un-Secured Business Line of Credit

An Unsecured Business Line of Credit will help you manage business cash flow when receivables are late, with operating expenses, purchase of inventory, cyclical businesses, and sales fluctuations.

Lines of  Credit,  Application Only, No  Documentation Required, Unsecured Signature Credit Lines:

  • Funding is structured generally with multiple loan facilities to spread the risk, (larger loans amounts on a case-by-case basis, up to $500,000, may have to be secured).
  • Applicants are to have a 700 minimum credit scores reported on all three agencies, with no derogatory issues.  We don't take a middle credit score the way a mortgage lender might.
  • Applicant should have owned their business a minimum of 2 years as a Corporation  or LLC this is required. No Proprietorship's. The applicant’s credit report should show no excessive late payments, collections, or charge offs.  No Open Liens, or No BK's, other criteria may apply.

OVERVIEW:

  • Lines Of Credit are Stated Income and Unsecured
  • No Documentation
  • No documents needed
  • No application fees
  • No up-front fees of any kind required
  • No collateral needed
  • No equity needed
  • Yes, fast turnaround, (approval in 48-96 hours, after we have received all the items requested from the applicant)
  • Yes, Low Rates, starting at Prime + 1-3 (adjusted to credit, and risk)

Note: if the application is not approved, and we are not successful is structuring a LOC on behalf of the applicant, there are no fees/cost owed by the applicant whatsoever.
 
Regarding Credit Reports for Lines of Credit:

The applicant is asked to pull their own MYFICO Deluxe Credit Report. A Business Inquiry may stay on a credit report up to 2 years or more. We will not pull the applicant's credit. This will avoid an unnecessary Business Inquiry on the applicant's reports. Many Business Inquiries on a credit report will reduce the applicant's credit score(s) and may limit the Lines Of Credit structured for the applicant.

Call Today for a Personal Consultation: 863-298-8900

Click Here for a flyer of this program.

Click Here for a Business Loan Application for a prompt evaluation of your Business Line of Credit request.