Business Line Of Credit
PAY ONLY FOR THE FUNDS USED WITH THIS REVOLVING LINE OF CREDIT.
Loan amounts: $5,000 to $55,000
Loan amounts: $5,000 to $55,000
Terms: 6, 9, and 12 months
24 Hour approval and same day funding
What is a: Business Line of Credit?
A line of credit (LOC) is a flexible revolving loan, in which a lender, usually a bank or a private lender, and a borrower, agree to a maximum amount of capital that the borrower can withdraw at any time. The borrower has these funds at his or her disposal, as long as he or she doesn’t exceed the maximum amount established in the agreement and makes payments on time.
The balance in a line of credit is revolving, meaning that the borrowers can use the funds, repay, and then spend again in a revolving cycle. In this way, lines of credit are very similar to business credit cards.
Business owners will typically use a line of credit to remodel or expand their store/offices, buy new tools or equipment, meet payroll, purchase inventory, launch a marketing campaign, or cover any unexpected expenses.
An essential advantage of Easy Loan Capital line of credit for business owners is that it provides more flexibility than a regular business loan.
Business lines of credit made easy
Requirements
✔ Time in Business: 2 years min.
✔ Monthly Revenue: $20K avg.
✔ Business Bank Statements: 4 months
✔ Overdrafts: Less than 5 negative days per month
✔ Minimum Credit Score: 550
Application Process
✔ Fill out the online application and tell us about your business
✔ We review your business’ revenue and documentation
✔ If your application gets is approved…
✔ The funds are deposited into your account within 24 hours
WE MAKE BUSINESS LENDING SIMPLE!
We approve within 24 hours and have no credit score minimum.