Line of Credit
Offering low monthly payments and competitive rates
Once an application is approved by the bank, funds can be delivered in a matter of days
Manageable Payments
Loan amount:
$50,000 – $100,000
12 month term
- Interest-only, monthly payments
- Fully funded at origination (based on approved line amount) Revolving structure for flexibility: pay back and draw as needed
Underwriting: based on bank statement data
- Options at maturity
- New LOC that extends interest-only period for 12 months New 3-5 year term loan to refinance principal
- Fully pay off
Fees to borrower
6.0% origination fee (based on approved line amount) No fees for subsequent draws on the line
Pre-qualification minimum criteria
-
- 680 FICO®
- 3 years in business
- 150 LiquidCredit® Score
- $250,000 in annual revenue
Documents required for underwriting
- 6 most recent months of business bank account statements
- Business debt schedule
12 month term
- Interest-only, monthly payments
- Fully funded at origination (based on approved line amount) Revolving structure for flexibility: pay back and draw as needed
Underwriting: based on bank statement data
Options at maturity
- New LOC that extends interest-only period for 12 months New 3-5 year term loan to refinance principal
- Fully pay off
Fees to borrower
6.0% origination fee (based on approved line amount) No fees for subsequent draws on the line
Easy Process
Automated and on your side
Our mission is to equip every entrepreneur with reliable access to the smart capital they need to grow. We’ve taken the long, complicated process of applying for funding and streamlined it for the way you do business today. One single application is powered by intuitive technology and an exceptional team dedicated to finding you the right financing offers, without wasting your valuable time. We’re proud to be the leading financing platform connecting small businesses with SBA, bank term loans, and flexible financing options.