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LENDING TREE PLUS

Line of Credit

Like a credit card for your business. You can take money out of the LOC until your limit is reached.

A business line of credit is very similar to that of a credit card. These are often called revolving lines of credit because once you pay back your debt you can borrow from the same line of credit multiple times. Some institutions may ask you for an asset as collateral on these loans, we, on the other hand, do not.

Features:

Amount: ~$1,000 - $250,000

Interest Rates: 2.5% - 7%

Loan Terms: 3 mo. - 7 yrs.

Repayment options: monthly


Pros

Help even out your cash flow

Customize your loan amount to your needs

Seize opportunities

Builds a relationship with your lender


Cons

Can be expensive

Initially, limits can be fairly low


Toll-Free: 1-800-460-4778

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