A business line of credit provides access to funds that can be used at any time to address any business expense that arises. Similar to a credit card, a maximum approval amount is issued and interest is only applied to the amount utilized. As this is a revolving credit line, once funds are repaid, funds are made available again.
Fastest application to approval to same day funding. Credit history is not an important factor and there is no collateral required. Financing is based on business revenue and there is no set maturity date. Repayment schedules are frequently assessed and additional funds made available.
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