Unsecured Business Line of Credit
Our business line of credit bypasses traditional funding source roadblocks, because we have less stringent requirements, quick approval, and no closing cost or fees.
Maxed out on your current line of credit with your bank? No problem. We’ll work with you to expand your line of credit.
Business Line of Credit Advantages:
- Fast approvals in 1-4 business days
- Funds received in 2-3 weeks
- Receive up to $350,000.
- No application fees or closing cost.
- No collateral required
- Working capital is in your bank within 2 weeks.
- Daily discounts tailored to meet your needs.
- You are not a start up merchant
When you're searching for a business line of credit that gives you the cash you need at the lowest possible discount, we-re the right choice. We provide no-hassle benefits with our unsecured credit line.
What are the approval requirements for our business line of credit?
- 650+ personal credit score required.
- Minimum of 2 years of business ownership.
- Annual revenues of $300,000+.
- No open tax liens or bankruptcies
Not sure if you meet these requirements?
We can help. Call us now or complete our no free online inquiry. One of our dedicated financial advisors will consult with you to determine what funding solution best fits your needs.
With our wide range of funding programs we-re sure to craft a plan that gets you the funding you need, when you need it, and at an affordable price.
There is no single funding product that meets the needs of all businesses. That-s why we offer access to a variety of funding options. For merchants who fall outside our business line of credit criteria, the following funding solutions may better fit your needs:
Alternative Funding Solutions:
Business Cash Advance
Fast Business Loan
Invoice Factoring
Product Comparison Matrix
This matrix will help give you a better idea of how we compare to traditional bank financing. It shows a sample of just a few of the funding options available when you choose Merchant Advisors.
| Our Business Cash Advance | Our Fast Business Loan | Our Unsecured Line Of Credit | Traditional Bank Loan | |
|---|---|---|---|---|
| Minimum Personal Credit Score | 500 | 600 | 650 | 700 |
| Minimum Funding Amount | $5,000 | $100,000 | $20,000 | n/a |
| Maximum Funding Amount | $1,000,000 | $5,000,000 | $350,000 | n/a |
| Minimum Time In Business | 4 months | 1 Year | 2 Years | 2 Years |
| Collateral Required? | No | No | No | YES |
| Typical Repayment Term | 6 – 12 months | 6 – 12 months | 4-7 years | n/a |
| Does it show on personal credit as an “outstanding obligation”? | No | Yes | Yes | Yes |
| Bankruptcy Discharged OK? | Yes | Yes | Yes | No |
| Existing Merchant Credit Card Processing Sales Required? | Yes | No | No | No |
| Personal Guarantee Required? | No | Yes | Yes | Yes |
| Fixed Repayment Schedule? | No-based on cash flow | Yes | Yes |