Do you have a business that needs capital?
I’m working with a company that provides unsecured lines of credit at 0% interest for a year and term loans for entrepreneurs and small business owners looking to start or grow their businesses.
What this means for you:
This company, Fundwise Capital, could be a great option for you and your business. The employees are easy to work with, honest, and transparent. Their online reviews say the same. They’ve secured over $150 million in funding for their clients to date.
How it works:
Fundwise Capital guarantees the best funding you can possibly qualify for based on your credit score, meaning you won’t have to worry about lenders with short terms and expensive interest rates. The only application requirement is a credit score of 680 or higher.
Apply in seconds:
There’s no obligation to apply, and it only takes 30 seconds. You’ll find out what you’ll qualify for within 24 hours.
Business Line of Credit Explained
Business Line of Credit: Explained
Discover how a business line of credit works.
A business line of credit offers a company the flexibility to withdraw funds and repay debt when needed. A business line of credit works a bit like a credit card. Businesses can borrow up to a certain amount and only pay interest on the amount withdrawn. Then the business can repay the money as soon as they wish, without exceeding their credit limit.
Rather than going through the sometimes lengthy process of securing a loan, with a line of credit, businesses know that they have a certain balance available to borrow quickly as needed.
Because of the flexibility of the loan, businesses can withdraw funds as they need for a range of purposes, whether in need of money to expand, manage cash flow, purchase more inventory, or pay for unexpected expenses.
Benefits of a Business Line of Credit
Doesn’t require collateral: As a form of unsecured debt, a business line of credit won’t require any collateral. That means, the business doesn’t need to offer up an asset to the lender, which the lender can sell if the borrower defaults on the debt.
Access large sums of money quickly:
Businesses can open a line of credit ranging between $10,000 up to $100,000, depending on their credit score. Businesses who qualify for a line of credit for more than $100,000 may need to secure their line of credit with a blanket lien on assets or a certificate of deposit.
Easily withdraw funds when needed:
Businesses can quickly access their line of credit by using a business checking account, a small business credit card, or a mobile banking app.
Lower interest rates:
Interest rates on a business line of credit are usually lower than a business credit card, which can have rates of 20% APR, or a cash advance.
How to Qualify for a Business Line of Credit
The requirements for a business line of credit can vary according to the lender. Most will require a few things to qualify including:
Years in operation
Stream of revenue
Increasing a business line of credit
Get $15k to $350K line of credit
0% for your business loans
Fundwise Capital offers unsecured credit lines
Fundwise offers unsecured credit lines at 0% interest for 9-15 months. This has been awesome for #startups, #businessowners and #houseflippers.
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