Business Line Of Credit:
How They Help In Growing Your Business

A business line of credit can be a great financing option for companies or enterprises that require some loan assistance from private lenders. This method is a kind of agreement between the borrower and the lending institution that enables businesses to manage their operating costs in a more efficient manner.


Depending on the needs and the amount of financing required for the business, business lines of credit may vary for every company.


Just like other kinds of business loans, this kind of funding arrangement enables companies to have a greater cash flow in times of emergencies, as well as to manage their different business obligations.

Advantages of Using A Business Line Of Credit

Many business credit lines are unsecured, which means that they do not require any collateral to be provided by the borrower. This can come as a huge relief for business owners, who are concerned about relinquishing their properties to lenders, in case they are unable to repay their debts on time.


Unlike business loans, a business line of credit has a completely different approach towards loan repayment. Typically, this method allows for revolving credit, meaning that companies can withdraw the amount as much as is needed until a maximum amount allowed is reached.


Besides, the company is responsible for paying on the amount of money that they actually borrowed from the lender. The interest rates on business credit lines are variable, whereas for bank loans, they are generally fixed.


Especially, for small businesses, a business line of credit can help in managing their short term and immediate business obligations. Even companies that do not have an impressive credit score or a long history can have access to a business line of credit in a simple and relatively easy manner.

Why A Business Line Of Credit Might Be a Better Option

Business funding is vital for the survival and success of every company and enables them to manage their business operations in a smooth and efficient manner. However, lots of companies and enterprises do not have access to business loans and other funding facilities due to many factors.


Banks and other lending institutions adopt a more stringent approach when granting loans to companies and enterprises. Besides, they rely on borrower’s credit scores and are unwilling to take risks on companies that are yet to be established or have proven themselves in the marketplace.


Hence, a more viable alternative for growing companies is to approach private lenders that offer different types of loans to provide quick and immediate funding assistance. Business credit lines are one such option offered by private lending companies that specialize in offering short term loans and financing solutions.


This method works similar to a credit card, except that business lines of credit are mainly used for spending money for business requirements. 


Using business lines of credit, companies can purchase machinery or equipment, hire more employees, or pay salaries to their existing personnel. If you have a sudden increase in demand for a product or service in the market, then the additional investments made using the credit line enables the repaying the line of credit and the relative interest rate.

Types Of Industries That Can Benefit From Using Business Lines Of Credit 

There are different kinds of businesses that can benefit from utilizing business credit lines. Typically, service-oriented companies that have a large amount of inventory, or any kind of specialized business that has a great number of outstanding accounts receivable may be able to have immediate access to cash to meet their business obligations.


Companies that are involved in providing medical facilities and dealing with insurance may also be able to use business lines of credit to their maximum advantage.

 

Business Funding Advisors are leading experts in providing business lines of credit, commercial loans and other kinds of loans to all kinds of enterprises that require quick funding assistance. If you are looking for financing solutions, contact us and speak with one of our consultants and learn of our services to get the best possible funding options for your business. 


To apply for business lines of credit, scroll down to our quick loan application below. If you're applying for a merchant cash advance, fill out our application here.


QUICK COMMERCIAL LOAN APPLICATION


We provide FREE, no obligation evaluations, with no upfront costs, or expensive fees for approval to our private lender programs.


- Minimum loan amounts (for commercial building projects): $100K with no maximum.


(Loans approved for commercial only, not single-family residential projects.)


- No pre-payment penalties on programs offered.


We will respond to your loan application within 24 hours!


Commercial Loan App

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Business lines of credit are available in:


Merchant Cash Advance and

Working Capital Loan Programs

are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


Commercial loans are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


COMMERCIAL LOAN PROGRAM HIGHLIGHTS


Commercial Real Estate Programs

· Lending Area: Nationwide & International


· Loan Size: $100,000-no maximum


· Rates as low as 3.74%

· up to 90% LTV


APPLY HERE

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Commercial Development & Construction Loans

· National & International


· $2MM-$50MM


· Interest Rate: 5-9% Fixed (1% for churches)


· Amortization: up to 25 years


· Zero fees


· Points: Up to 3%, paid at closing


· Term: 5 yrs; also can structure a construction to permanent loan with interest only during draw down periods.


APPLY HERE

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Hard Money Loans Rates and Criteria:

· Loan Size: $100K-$100MM


· Lending Area: National & International


· Collateral: We lend to mainly on commercial real estate, including raw land and development projects


· Interest Rates: 7-14% (rates depend on collateral)


· Amortization: Interest only


· LTV: Up to 80%

· Origination Fee: 1-4%

· Closing time: 1 week to 30 Days


APPLY HERE

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Bridge Loans

· Loan Size: $1MM-$15MM


· LTV: Up to 75%


· Rate: 5-7%


· Term: 1-3 years, Interest Only


· Property Types: Office, Retail, Industrial, Multi-Family, Manufactured Housing, Condominiums, Self Storage, Special Use, Hospitality, Assisted Living/Congregate


APPLY HERE

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Unsecured Business Lines of Credit

· $25,000-$100,000 (start up businesses with no established revenue and business owner with good credit)


· $100,000-$500,000 (established businesses w/ revenue of $1MM or more; no collateral if good credit and financials)


· 0% intro rates on business credit card solutions, to 1-5% over prime for large credit lines.


· No "subprime" unsecured lines


APPLY HERE

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Click Here To Apply for A Business Cash Advance or Working Capital Loan


Bank ACH or Credit Cards


90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

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Restaurant-Retail, 
Small Business Loan Program


  • · Unsecured Loans up to $1,000,000 per location

  • · No Collateral Required

  • · Minimum Annual Sales: $150,000

  • · Minimum: 550 FICO

  • · Must be in business at least 1 month to document sales

  • · Loan amounts below $150,000 require NO tax returns or financial statements


APPLY HERE

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Customer Finance Programs for Businesses

· Can finance your customers down to a 500 FICO;

can finance your turndowns from your current credit provider


· Instant online credit processing and approval


· E-signature capabilities


· Can purchase or collect bad debt portfolios


· Industries include: Medical, Dental, Jewelry Retail, Furniture, Memberships, Private school tuition, Security/Alarms, Vocational Schools, Travel, etc.


APPLY HERE

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Click Here to Apply for

A Private Lender Commercial Loan


- Zero upfront costs, zero fees for approval to our programs.


- Minimum loan amounts: $100K for commercial building projects, with no maximums.


- No pre-payment penalties on programs offered.

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Click Here To Apply for A Merchant Cash Advance or Working Capital Loan


- Bank ACH or Credit Cards


- 90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

_________________________


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