Unsecured Business Lines of Credit:
These business lines of credit do not require collateral and include anything from smaller business credit card solutions up to individual lines of credit for $500,000. How much the business owner qualifies for depends on the credit profile and the size and profitability of the business. Start-up companies with no established revenue and business owners or partners with a good credit file can expect to receive between $25,000 – $100,000 in a typical approval.
Established businesses with revenues of $1,000,000 up to $10,000,000 can expect between $100,000 – $500,000 with no collateral if they qualify with their financials and credit.
Rates range anywhere from a 0% introductory rate on all our business credit card solutions to 1-5% over prime for the larger lines of credit.