Ultimate Revolving Line of Credit
Provides businesses with the MAX loan approval, a fixed loan term up to 36 months, and a fixed weekly payment, plus the flexibility of paying down or borrowing additional funds on an unlimited basis!
Lines of Credit Businesses Have Been Dreaming About
With the REVOLVING LINE of CREDIT you as a Business Owner decide when you want to borrow, how much you want to borrow, the size of your weekly payment, how much in finance charges you will pay, and how long you want to keep their loan. You are in complete control of your loan based upon your unique business needs that may change over time! And, this Product provides early payoffs without penalty anytime during your loan!
FUNDING
✓ Max approval amounts up to $1M with minimum initial loan of only $5K
✓ Max amortizing term up to 36 months with fixed weekly payments
✓ A revolving period of up to 1 year (52 weeks)
✓ Unlimited draws of $5,000 or more during the revolving period
✓ Unlimited partial principal pay-downs of $5K or more during revolving period
✓ Every payment made and partial principal pay-down frees up line availability
✓ Finance charges accrue and are collected weekly
✓ No minimum finance charges required
✓ Pay off or pay down without penalty
✓ Closing points only charged on cash out
✓ Fast Approvals
ADDITIONAL INFORMATION
✓ Business line of credit draft (draw) requests will receive a simplified/online underwriting to ensure the Borrower’s creditworthiness has not materially changed since the original Loan was initiated
✓ The Borrower will be required to submit updated bank transactional data via appropriate means prior to a draw request being funded
✓ Average funding time for qualified draw requests is within 2 business days of receipt
What Makes Us Different
Have Some Questions?
Prepare appropriate documents (bank statements, personal credit reports, basic business information). After that, you consult with your dedicated financing advisor about available loan options and terms, after which you then apply for a business line of credit with Lending4biz.com
A business line of credit is a form of loan where you qualify for a certain amount and have the option to draw funds repeatedly without reapplying and pay interest on just the amount you draw.
GGet started requesting Your FREE Business Funding Plan or scheduling NO Obligation Call with Funding Advisor Today. After identifying the best funding and credit options that are specific for your current business situation and receiving necessary documents (in most cases it is a one-pager loan application, 3-6 last months of business bank statements, consolidated FICO report), you will receive funding offer(s), usually within 24hr-48hr (depends on funding solution)
BBeing entrepreneurs we understand importance of having appropriate financial support in right time for your business. We tirelessly work on maintaining and growing our financial solutions portfolio to provide you with short and long term funding and fill you with confidence in your present and future business operations.
We offer creative financial programs with significantly lower approval requirements compared with traditional bank loans, so our funding solutions are the fastest and easiest way to obtain the capital you need.
UUsually approval takes up to 48 hours. Approval time may vary depending on requested product, how quickly you provided required supporting documents and information, and amount of funding being requested. We value your time and vigorously requiring our lending partners to maintain fast and common-sense underwriting process.
This is a good solution for businesses to cover cash gaps with bridge cash while waiting for account receivables. Besides, it is a straightforward qualification if you are an established business and have consistent revenue.
Get started requesting Your FREE Business Funding Plan or scheduling NO Obligation Call with Funding Advisor Today!
Yes, you can use your EIN to apply for credit when you have established good standing business credit otherwise, SSN would be required as well.
EEach business is unique as well as your financial situation. That is why we work with multiple leading financial institutions to accommodate various scenarios and help small businesses to get support they need. Your dedicated advisor will go with you all the way to find the best possible solution for you and your business.
IIn our portfolio we have a seasoned lenders to finance a wide spectrum of industry groups in a variety of sectors from Dry Cleaners to Aerospace.
Though there may be some restricted industry types for specific financial product requested
YYour dedicated advisor will work with you to better understand your business needs (short term and long term). You will review provided funding options to determine which financing solution best suits your current business needs and make a final decision which one to take.
Get started requesting Your FREE Business Funding Plan or scheduling NO Obligation Call with Funding Advisor Today!
For financing options where you assume personal responsibility to repay the loan, your credit score would be affected while you draw the credit, but the score will get back and increase after you repay the loan.