Guide
A revolving facility you draw against and repay, paying only on what is drawn.
✓ Checking what you qualify for does not affect your credit score.
$10,000 to $350,000. Term 12 to 36 months. from 1% per month on the drawn balance on the drawn balance. 2.49% per draw. $10,000 minimum draw.
No origination fee, no maintenance fee, no early payoff penalty. It can sit in second position.
It suits irregular needs — a payroll gap one month, an inventory buy the next — because an undrawn line costs nothing but the draw fee when used.
Requires Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
A line is the wrong instrument for a single known purchase with a fixed price. That is what a term loan is for.
Line of credit from 1% per month on the drawn balance, 2.49% per draw. Term loan 0% origination on weekly payments. Refinance priced with a factor rate.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision, next business day funding on a complete file.
Yes, up to two existing positions.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
