UNSECURED BUSINESS LINES OF CREDIT
We want to help your business grow. It takes money to grow. We can help you get it.
Access the capital you are looking for to grow your business!
Unsecured Business Lines of Credit
| Our Basic Requirements:
· No Collateral
· No Income Documentation
· No Prior Operator Experience Required
· Articles of Incorporation
· Corporate Tax ID (EIN)
· Completed Application
|*No Upfront Fees
*Introductory APRs Starting at 0.00%
- Stated Income. No income documentation is required to qualify. No bank statements or tax returns needed.
- Unsecured. This product is completely unsecured, non-collateralized. It is personally guaranteed by you.
- Line Amounts: The combine total line amounts are up to $180,000, per borrower. If you want more, you can have a credit partner apply such as your spouse or business partner to double or even triple that amount.
- Timing: The process takes about 2-3 weeks.
- Introductory Rate: The lines of credit carry a 0% introductory rate for 12-24 months. After the interest free period, the average blended rate is 12.99% annually.
- Qualifying. You will receive a conditional pre-approval within 48 hours, along with a Contract for Services that outlines some basic items that may be necessary to complete the file, and our services.
- Performance Guarantee Fee: There are no upfront nor any recurring fees. Once the credit lines have been established, the company is due its one-time Performance Guarantee Fee of 11.99% based on the total aggregated credit lines amount, which is conveniently be paid through your business ACH automatic payment.
- Credit Scores: There is no minimum score. Every profile is unique and may be able to be improved on very quickly to be able to qualify and receive funding.You retrieve your own credit report by establishing an account with www.creditchecktotal.com for just one dollar. This company is owned by one of the 3 major credit agencies (Experian) and when you get your credit this way, it is a soft pull’ and does not show up as an ‘inquiry.’ You will join their monitoring service, which is $30/month. Remain a member until the credit line is in place; then you can cancel your membership if you wish.
- Application: Complete our simple application, and email your report and the application back to us. If you have any questions, please contact me.
- Service. What sets us apart is the white glove service in analyzing your credit, and suggesting to you on what could be done to maximize your lines, if needed. Our back office underwriting staff handles this, and we have many resources to help you. We also as courtesy walk our client through the steps of provisioning the lines into your business checking, which can later allow you to convert personal lines into business lines and improve your business credit score.
- Business Credit Profile. This product will help build your business credit profile.
- Monthly Payments. The minimum monthly payments are calculated at an average of 1.5% to 2% of amount drawn. During the 0% period, payments are directly applied to principal.
- Minimum Credit Score. Generally 680. Credit scores can be raised, so even if yours is lower, you should still apply.
- Derogatory Credit Items. If you have any unsatisfied tax liens, judgments, or collections, they must be cleared prior to approval. If this applies to you, we may be able to provide funds for you through a Merchant Cash Advance or an ACH Advance on your business checking account.
- Existing Credit. For best results your existing credit revolving credit balances should be at no more than 45% of their maximum limits. Balances can be paid down during the application process. Some negative credit is acceptable and will influence final credit decision. If you have any unsatisfied tax liens, judgments, or collections, they must be cleared prior to approval. If this applies to you, we may be able to provide funds for you through a Merchant Cash Advance or an ACH Advance on your business checking account.
To discuss Unsecured Business Lines of Credit for your business, contact Ed Kundahl at 855-943-8736 or email us at email@example.com