How it works: Draw the cash you need directly into your business checking account at any time. Only pay interest on what you draw. Pay back your balance early any time.
Use Your Line of Credit to:
• Manage accounts receivable gaps
• Take advantage of new opportunities
• Manage unexpected expense
LINES OF CREDIT FAQs
Do I qualify?
•Companies in business at least 1 year
•$100,000+ in gross annual revenue •A majority owner with a 600+ personal credit score
What are the rates?
•Rates as low as 13.99% APR¹
•Your line amount and rate will be based on our assessment of your business along with your business and personal credit
How do I pay back?
•Fixed weekly payments
•Automatically deducted from your business bank account, so you don’t have to worry about missing due dates
Are there any fees?
•$20 monthly maintenance fee, which is waived for 6 months if you draw $5,000 or more in the first five days after opening your account
•There are no fees to draw money