Line of Credit

Line of Credit Approvals up to $300K & Rates as low as 8.99%

Apply Today & Get Funded Tomorrow!

Line of Credit – The Challenge:

As a business owner, you need fast and reliable access to capital to manage cash flow fluctuations and grow your business, but there are challenges to getting these funds:

Banks are slow, rigid, and have complicated processes
‘Alternative’ lenders often charge high interest/fees, with inflexible terms and amounts
Finding the right funding solution can be stressful, time-consuming, and take you away from running your business

Line of Credit – The Solution:

We believe you deserve flexible and affordable access to capital and have designed a line of credit to serve your unique business needs.

Approvals up to $300K
Access to funds within 24 hours
Draw multiple times per day – if needed
Complimentary cash-flow monitoring
No prepayment penalty
Dedicated business advisors to support you as your business grows

Click on the “let’s get started” button below and get approved today!

Line of Credit – Highlights:

*Unsecured Revolving Credit Line – Fast approvals up to $300,000.

*Interest Rates from 8.99% – 24.99% – Your line amount and rate will be based on our assessment of your business along with your business and personal credit.

*Fixed Weekly or Monthly Payments – Automatically deducted from your business bank account, so you don’t have to worry about missing due dates. Each draw will have a term of 6, 12, or 18 months with equal amortized payments.

*Your business may qualify for Monthly, Interest only payments.

Line of Credit – Qualifications:

*Time In Business – 6+ months.

*Personal Credit Score – 600+ Credit Score.

*Monthly Gross Revenue – $15K+ per month.

*Average Daily Balance – $1K+

Your Line of Credit Gives Your Business Flexible Working Capital – When You Need it.

If you don’t qualify for a Line of Credit, you can always apply for a Hybrid Working Capital Loan. A Hybrid Working Capital Loan is the next best thing. https://next-financing.com/hybrid

How it works: Draw the cash you need directly into your business checking account at any time. Only pay interest on what you draw. Pay back your balance early at any time.

Use your line of credit to:

Manage accounts receivable gaps
Take advantage of new opportunities
Manage unexpected expenses

Because of the cyclical nature of business, you may need to borrow money to meet your short-term needs or goals. One commonly used option to obtain these funds is by securing a line of credit. You can withdraw any increment from your line of credit at any time, as long as you don’t exceed the maximum approval amount set in the agreement.

A revolving business line of credit is similar to a credit card, since you use it as you need it. You make payments on a regular, pre-determined schedule, and you can borrow or use more as your principal is paid down.

How can I use my credit line?

Many businesses utilize a business line of credit to increase their working capital. Using this type of loan is a great way to bridge the gap between the tasks you need to do and the cash flow you need to get them done.

Lines of credit are primarily used to help even out cash flow. A line of credit loan is typically used for short-term working capital needs like covering payroll when you hire new employees; purchasing inventory during a busy season or to fulfill a larger order; or offsetting seasonal lapses in cash flow. Whether you use your line of credit monthly or quarterly, it’s comforting to know you can draw from it when needed.

Is a Line of Credit a good fit for my business?

While it’s ideal to have savings to help your business weather storms, the next best thing is to apply for a line of credit. Business credit lines were designed to help you meet short-term cash needs, such as purchasing supplies or additional inventory or covering operating expenses. Essentially, a business line of credit can help small businesses thrive and grow.

A business line of credit is a good option to offset fluctuations in working capital when your expenses stay constant. Your new credit line gives you access to funds to pay bills on time, purchase additional inventory if needed, or run a new marketing/advertising campaign.

The advantage of a line of credit over a regular business loan is that interest is only charged on the funds you actually use. Additionally, your business can draw on your available credit at any time.

Accounts Receivable / Invoice Financing

We’re pleased to announce the launch of Next-Draw, which was a product constructed to serve clients that don’t invoice or don’t use accounting software.

With Next-Draw, we underwrite using bank account data instead of accounting software data – a client just needs to log in using their online banking credentials with any of our 12,000+ supported banks across all 50 States.

With Next-Draw, our clients will also enjoy many of the same benefits of our original Invoice Financing product, including:

No soft or hard FICO pull to get started
Fully automated, fast application—credit decision in hours
Funds available as soon as the next business day

Our clients will now have the option of accessing funds through either Invoice Financing or Next-Draw when they create their new account, by connecting either their accounting software or their business checking account during their application. If everything else fails, an Asset Based Credit Line is a great way to fund any new project or opportunity.