Unsecured lines of credit and business credit cards
If you have a credit score of 680 or above you may qualify for unsecured lines of credit for your business with no collateral needed. Use when you need it, pay it down and reuse it again.
Term Loan
Get a lump sum up front and make monthly payments that are fixed for that life of the loan. No shocks or unexpected hikes. This type of loan is great for large purchases of inventory or equipment
Secure loan.
With this loan the business pledges collateral and the loan is secured by that collateral until the loan is paid off. It can be equipment or real estate. You can also use your receivables as collateral as well.
Revenue based lending
Business can get a loan based on their sales volume. The company has to be in business for at least one year and have monthly sales of $30,000 or more. The owner will need a minimum credit score of 551 or higher. The higher the score the better the rate. No open bankruptcies and must be current on rent or mortgage payments. other conditions do apply.
Get the Financing you need for your business.
There are several programs to help business get through these trying times.