What is a Business Line of Credit?
A business line of credit is business financing in which you have access to a pool of funds from which you can draw as much or as little money from, and only repay with interest on what you borrow.
More About Business Line of Credit
Ordinary small business loans don’t always provide exactly what you need. If your business circumstances look a little bit different, then a business line of credit might serve you better. A regular business loan is a lump sum spending amount. When you receive your business loan, you pay it back on a fixed, regular schedule. A business line of credit, on the other hand, allows you to borrow only as-needed. This gives you lots of extra flexibility. At United Credit Source, we’re proud to offer the business line of credit option to business owners across the country
Amount: Up to $300K Per Applicant ( Can be more with a co-signer)
Rate: 0% interest rate for 6-12 months. And Then 7% to 24%
Speed: 7-15 days
Qualifications: Personal Credit Score above 650 (680+ for startups)