Business Line of Credit

Line of Credit

A business line of credit is a revolving loan that allows access to capital, which can be used when needed. With a line of credit, you will have ongoing access to funds and have the flexibility to withdraw only what you need, when you need it—and pay for only what you use. Types of Business Line of Credit: Secured and Unsecured

The unsecured business line of credit:

An unsecured business line of credit does not require any collateral, similar to a credit card. However, a personal guarantee may be required. These types of loans are generally more of a risk to the lender, and as such, an unsecured business line of credit may have higher interest rates than one that is secured.

A secured business line of credit:

A secured business line of credit requires your business to have collateral to obtain the business line of credit. This may be the best option for companies that may not have enough time in business or have had past credit issues that would hinder them from receiving unsecured loans.

Typical Process

Typically, your business should be open for at least 6 months, and the lender will review your business bank statements, looking for a minimum monthly revenue of $5,000.

Program Highlights

24 hour pre-approval and funding in 48 hours
Financing options for all credit profiles
Pay for only what you use

SIMPLE APPLICATION

Use our simple 60 second online application can get you matched with offers in minutes.

No Minimum FICO

Bad credit? No problem! Most of our top financing options have no minimum FICO.

Larger Amounts

Get matched with the best financing options with the highest funding amount.

Same Day Funding

We can get you in and out of underwriting in just a few hours and funded the same day!

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Have Questions?

Speak with a Benoah Capital business financing advisor today!

Our business financing advisors will help you find the best options for your business in order to get you the maximum amount, lowest interest rates, and best terms available. We are here to explain and guide you through every step of the process.