A line of credit is a predetermined amount of funds that you can borrow from when you need to and pay back later. Unlike a traditional term loan, you can use the funds as and when you need them for business purchases like inventory, supplies, or operating expenses. Unlike a term loan which has a fixed monthly repayment, you can typically pay back your credit line anytime, without any early repayment fees. All businesses need access to funds to run their operations, but sometimes there isn’t quite enough working capital available when you need it. You might be waiting for your favorite big client to pay their invoice, or you might need to purchase an expensive new piece of equipment. Situations like these may seriously affect your cash flow and even threaten the stability of your business. A critical difference between lines of credit and term loans is that lines of credit are “revolving.” That means you can use the funds, up to your approved amount, then repay what you’ve used to make the funds available again. Term loans, on the other hand, are lump sum loans that you use once and repay once, with interest. Below are the terms:

• Loan Size: $25,000 – $10,000,000
• Term- Revolving
• Time to Fund: 24 – 48 hours
• Interest rate: 4%
• Bad Credit -Accepted
• Bankruptcy -Accepted
• Foreclosure -Accepted
• Security-Custom
• Fees: Borrower will be responsible for expenses without limitation, including legal fees at closing.