Line of Credit
Access flexible funds whenever you need them. Only pay interest on the amount you use, giving you full control.
A Line of Credit (LOC) offers the flexibility of a loan that can be used as needed, up to a preset limit, similar to the way a credit card functions. This type of financing is ideal for managing cash flow gaps, unexpected expenses, or specific projects with undetermined costs. Lines of credit can be secured or unsecured, with unsecured lines requiring a higher credit score due to the increased risk to lenders.
Unsecured Line of Credit
You can access funds without the need to pledge collateral. This option is less risky for borrowers but requires a strong credit history to qualify.
Secured Line of Credit
Use your assets, such as savings, stocks, or real estate, as collateral for lower interest rates. This line is a good choice for those who can pledge security and seek lower borrowing costs.
Business Line of Credit
Tailor-made for businesses, most of the lines of credit we source support larger expenses like inventory and operational costs, offering substantial credit limits to accommodate the scale of business needs.
Line of Credit Highlights:
Borrow as you need, up to the approved limit, ensuring you only pay interest on the amount used.
Flexible interest rates that reflect your creditworthiness and market conditions.
Credit limits vary widely, from a few thousand to over $100,000, based on the type and eligibility.
Options for interest-only payments or full repayment at the end of the draw period, providing payment flexibility.
Call to Action:
Looking for financial flexibility to manage unforeseen expenses or fund a project? Apply