What is a Business Line of Credit?

A business line of credit is a type of small business loan that gives a business flexibility when accessing funds. Rather than a fixed amount at one time, funds are accessible as needs may arise. The idea is to allow you to be able to scale your business without being hindered by hiccups along the way. Some of these scaling activities may include inventory purchases, machine repairs, taking on new opportunities, and bridging the occasional cash-flow gap. For better loan terms it is important for your small business to maintain a good credit score to help build its profile. Making on-time payments and paying down your debt on a regular basis are some of the ways to maintain your credit score. Depending on your needs, a business line of credit could be one of the most straightforward solutions to meet your business goals. What Do You Need To Qualify? 6+ Months in Business You can qualify for our top financing options with as little as 6+ months in business. $5,000+ Monthly Gross Sales The minimum revenue to qualify for financing options are $5,000 per month, or $60,000 in annual gross sales. 600 FICO Score We have financing options for all credit profiles. The minimum FICO score required to apply is 600. This video breaks down: What a Business Line of Credit means How interest is determined and charged How a Business Line of Credit could help you And so much more! To learn more about how a business line of credit can help with working capital in your business complete our 15-second application to speak with a business financing advisor. #businesslineofcredit #businessfunding #businessloan #workingcapital #merchantcashadvance #businessloans #cashadvance #businessowner #smallbusinessloans #businesscredit #loans #businessfinancing #lineofcredit #invoicefactoring #smallbusiness #smallbusinessowner #smallbusinessfunding #workingcapitalloans #smallbusinessloan #businesscapital #trucking #capital #transportation #truckdrivers #funding #contractor #debtconsolidation #autorepairshopowner #autorepairshop #realestate #owneroperator #restaurantowners #b #bsales #equipmentfinancing #fastcapital #realestateinvestor #business #unsecuredfunding #e #unsecuredbusinessloan #mbcapital #unsecuredlineofcredit #capitaladvisor #businessinvestments #entrepreneurs #fundingstrategist #mbcapitalsolutions #businessmentor #fundingprogram #unsecuredbusinessfunding #ubl #financialmentor #prequalified #fundingstrategy #capitalexpert #businessgoals #creditrepair #businessfinance #sbaloans