Asset Based Line of Credit
Whether business is booming or you’re struggling to get by, your cash flow can change in an instant. Be ready for whatever comes with a business line of credit. This allows business owners like you to immediately access whatever working capital you need right now. Whether it’s for an emergency or a seasonal need, this is the financial solution you’ve been searching for.
How can I qualify?
Have a strong foundation
These loans are ideal for businesses that are established
Have a solid yearly revenue
Businesses that have at least $1,000,000 in yearly revenue are most likely to be qualified
Have a high credit score
If you have a credit score above 650, you may qualify for this type of business loan
In order to apply, you’ll need to submit both your personal and business tax returns, along with your business financial statements. We will look over all your business information to determine what the best credit option is for you.
A business line of credit is similar to a credit card in that you can spend and pay back as you please.
With a business line of credit, you’ll only be paying interest on your outstanding balance!
A business line of credit is one of the most flexible options for your company. With the ability to draw and repay funds on a schedule that works for you, you’ll never have to worry about whether or not you can afford your payment. This option is similar to how credit cards work.
Need to manage cash flow? Buy inventory? Pay for a surprise expense? Then a business line of credit makes sense.
Whatever the need may be — a business trip, more inventory, an emergency renovation — a business line of credit may be your ideal choice. Contact Merchant Flow Financial today to get started.