Unsecured Business Line of Credit

Our Unsecured Business Line of Credit provides great way to have a line of credit waiting and available when your business needs it most, without having to put up any collateral.

Free Consultation – No Obligation

What Do You Need To Qualify?

What Is an Unsecured Business Line of Credit?

A credit facility for business owners with high credit scores that can be used for any business purpose without requiring any collateral or business financials. You can draw against the facility whenever you need the funds.

How does an Unsecured Business Line of Credit Work?

  • You can use the line of credit for any business purpose
  • Financing up to $100k
  • You pay only when you access the funds

How Can I Use My Unsecured Business Line of Credit?

You can use the line of credit for any business purpose.

  • Perfect for start-up businesses.

How Can I Qualify For an Unsecured Business Line of Credit?

  • A FICO score of 720 (but scores as low as 680 may qualify)
  • No collateral required
  • No financials required
  • No recent derogatories and no major derogatory credit items
  • At least 5 years of credit history is preferred
  • Credit Partners (business partner, spouse, friend, or family member) can be used to qualify

What Are The Advantages of an Unsecured Business Line of Credit?

  • It’s strictly based on your credit score
  • No collateral. Traditional loans typically require some for of collateral
  • No Financials
  • Can be used to payoff a Merchant Cash Advance (if term is < 1 year)
  • We can offer a 0% introductory rate for the first year

What Are The Disadvantages of an Unsecured Business Line of Credit?

The rates are generally higher than other financing options

Pros

Cons

How to Apply for a Unsecured Business Line of Credit?

Give us a call, or fill out the Contact Us form, describe your business and allow us to perform a soft credit pull. We will then determine what line of credit you qualify for.

What If I am Declined for an Unsecured Business Line of Credit?

Unsecured Business Lines of Credit are heavily dependent on your personal credit score. However, if you credit score is low, but you have great business cash flow, or assets which can be used as collateral, we can propose other alternative financing options. Some of which will offer you even better terms! We will work with you to obtain the best financing to achieve your goals.

What Is an Unsecured Business Line of Credit?

A credit facility for business owners with high credit scores that can be used for any business purpose without requiring any collateral or business financials. You can draw against the facility whenever you need the funds.

How does an Unsecured Business Line of Credit Work?

  • You can use the line of credit for any business purpose
  • Financing up to $100k
  • You pay only when you access the funds

How Can I Use My Unsecured Business Line of Credit?

You can use the line of credit for any business purpose.

  • Perfect for start-up businesses.

How Can I Qualify For an Unsecured Business Line of Credit?

  • A FICO score of 720 (but scores as low as 680 may qualify)
  • No collateral required
  • No financials required
  • No recent derogatories and no major derogatory credit items
  • At least 5 years of credit history is preferred
  • Credit Partners (business partner, spouse, friend, or family member) can be used to qualify

What Are The Advantages of an Unsecured Business Line of Credit?

  • It’s strictly based on your credit score
  • No collateral. Traditional loans typically require some for of collateral
  • No Financials
  • Can be used to payoff a Merchant Cash Advance (if term is < 1 year)
  • We can offer a 0% introductory rate for the first year

What Are The Disadvantages of an Unsecured Business Line of Credit?

The rates are generally higher than other financing options

Pros and Cons of Unsecured Business Line of Credit?

Pros

Cons

How to Apply for a Unsecured Business Line of Credit?

Give us a call, or fill out the Contact Us form, describe your business and allow us to perform a soft credit pull. We will then determine what line of credit you qualify for.

What If I am Declined for an Unsecured Business Line of Credit?

Unsecured Business Lines of Credit are heavily dependent on your personal credit score. However, if you credit score is low, but you have great business cash flow, or assets which can be used as collateral, we can propose other alternative financing options. Some of which will offer you even better terms! We will work with you to obtain the best financing to achieve your goals.

Unsecured Business Line of Credit Amount, Rate, Term and Time to Fund

Frequently Asked Questions

How does an Unsecured Business Lines of Credit compare to other Small Business Loan options?

Financing TypeFinancing AmountInterest RateTermTime to Fund
Accounts Receivable Financing$10k – $10M (advance rate of up to 90%)1.25% – 3% p/mo3 months – 5 years1 – 3 business days
Business Line of Credit$5k – $1MStarting at 2% p/mo12 – 36 months7 – 14 days
Equipment Financing$10k – $25M1% – 4% p/mo12 – 72 months1 – 3 business days
SBA 7a Loan$350k – $5M11.25% – 13.25% fixed5 years – 25 years30 – 45 days
Supply Chain Financing$250k – $25M2% – 3% p/mo30 – 150 days (re-usable)2 – 3 weeks
Unsecured Business Line of Credit$5k – $100k1% – 4% p/mo1 – 2 years1 – 3 business days
Unsecured Business Line of Credit
Financing Amount$5k – $100k
Interest Rate1% – 4% p/mo
Term1 – 2 years
Time to Fund1 – 3 business days
Accounts Receivable Financing
Financing Amount$10k – $10M (advance rate of up to 90%)
Interest Rate1.25% – 3% p/mo
Term3 months – 5 years
Time to Fund1 – 3 business days
Business Line of Credit
Financing Amount$5k – $1M
Interest RateStarting at 2% p/mo
Term12 – 36 months
Time to Fund7 – 14 days
Equipment Financing
Financing Amount$10k – $25M
Interest Rate1% – 4% p/mo
Term12 – 72 months
Time to Fund1 – 3 business days
SBA 7a Loan
Financing Amount$350k – $5M
Interest Rate11.25% – 13.25% fixed
Term5 years – 25 years
Time to Fund30 – 45 days
Supply Chain Financing
Financing Amount$250k – $25M
Interest Rate2% – 3% p/mo
Term30 – 150 days (re-usable)
Time to Fund2 – 3 weeks

Ready to take the next step and apply for an Unsecured Business Line of Credit?

Free Consultation – No Obligation

Give us a call to see how we can help your business