Enjoy the flexibility of a revolving line of credit. Draw as you need and pay only for what you use.
$250,000
4.8%2
5 minutes
As you borrow from your credit card that allows money as line of credit does, you have to continue accessing capital you need for ongoing growth. It is a type of business financing that allows funds to be used on as-needed basis and up to a specified limit.
A line of credit is a credit account with predetermined credit limit that can be needed or repaid over time. Funds for business purchase such as inventory, supplies and operating expenses is better than using traditional loans.
Business typically uses a line of credit to remodel or expand their stores/offices, need some tools or equipment, payroll or any type of high expenses in their business.
FundMate is here to provide the best line of credit for business owners that provide more flexibility than regular business loans.
Enjoy peace of mind by having money available for any business expense. Draw funds with a click of a button.
No fees to open or maintain your line. No prepayment fees, monthly maintenance fees, or account closure fees.
Draw as little or as much as you want from your available credit. Your credit line replenishes as you make repayments.
We support your business growth by getting you the right working capital for your business size at any stage.
Revolving business credit score: Businesses who have a strong credit score; credit limits are generally higher than implies after the withdrawals are repaid.
Non- Revolving business credit score: For small businesses that have weaker credit score; credit limits which are generally lower, that doesn’t replenish.
Secured business line of credit: it is credit where it is backed by a valuable asset like a vehicle, account receivable, equipment or inventory.
Unsecured business line of credit: the higher interest rates and strict qualification then it doesn’t require borrowing the provided collateral.
Small business is able to work quickly and effectively in times of growth or fluctuating cash flow. If you really need to manage the flow of the cash, purchase inventory or unexpected expenses, a business line viable option.
Revolving the LOC, even if you are not going to use it the ideal time to apply for business funding is when it’s not required or not even when you are desperately looking for capital.
Business credit card is credit line that has the same benefits and drawbacks. The money you borrow is the only money you pay for interest, if you don’t borrow more than certain specific amount it is up to you to use it or repay the money once have reached credit limits.
It is types of credit where an agent or lender will give you credit on an asset you are able to give. By chance you are not able to repay your asset, it will be seized by the lender/agent. It is a risk but you will get higher credit limits and lower interest rates as compared to an unsecured business line of credit.
As business owners there are several kinds of credit which is based on security. There are some more home equity lines of credit, which are collateral secured lines of credit that are designed more to provide small business.
It is a line of credit where no collateral is required because its approval is much faster. It similarly works as credit card where there is no collateral for them to seize if you miss out, that is more risk for lender or agent. This line of credit includes:
• High interest rates
• Shorter lines of credit
• More difficulty qualifying
Direct Funding Solution is a direct funder. We offer unsecured capital up to $1,000,000 in under 24 hours.
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