Interest Rates
7% - 25%
  • Good credit building skill

  • Only pay interest on funds used

  • Quick and easy access to capital

  • Used for any purpose

  • Bad credit is acceptable

Loan Terms
6 Months - 5 Years
  • Lender can close line of credit at any time

  • Higher interest rates for bad credit

ANNUAL REVENUE

$50,000

CREDIT SCORE

600

TIME IN BUSINESS

6 Months Minimum

What Documents Will I Need To Apply?

Applying Does Not Affect Your Credit!

Disclaimer: The above information is provided as a guideline. Some loan conditions may fall outside of these parameters. We recommend that you speak with one of our advisors before taking any course of action based on this information.

WHAT IS A BUSINESS LINE OF CREDIT?

A flexible credit line, usually with a bank or other financial institution, which can be used for any purpose up to the maximum loan balance. Not to be confused with business credit cards, business lines of credit often have lower interest rates, fewer fees and more flexible payment options while still giving you access to cash.
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A Business Line of Credit works much like a cash advance from a credit card with a little added complexity thrown in. Draw on your business line of credit to get more working capital, buy inventory, handle seasonal cash flow gaps, pay off other debts or address almost any other business emergency or opportunity.

Speed
As Little As 24 Hours
Loan Amount
10,000 - 1,000,000
 

Pros & Cons

 

Who Qualifies?

 

What sorts of businesses are eligible for this flexible financing?

Younger, less established businesses might be able to qualify for short-term lines of credit, while medium-term lines of credit are more for businesses with good credit and a solid financial history.

The maximum amount of funding available, introductory duration of the credit line and repayment terms depend on your business’s revenues, credit rating, history and other factors.

Most Businesses Who Qualified Had:

 
  • Drivers License

  • Voided Business Check

  • Bank Statements 

  • Balance Sheet

  • Profit and Loss Statements

  • Business Tax Return

  • Personal Tax Return

  • Business Plan

  • Business Debt Schedule

Secure Your Business Line Of Credit Here

P:  1-855-LENDTEK(536-3835)     |    F:  1-855-287-7004​     |      E:  funding@lendtek.com

Lendtek provides you with easy online application services to access loans from third party lenders.

Lendtek is not a loan provider or other funding provider and does not provide actual loans or any kind of advice. Approval of an actual loan from a third-party lender is subject to a separate assessment process by the third-party lender and the loan is subject to the third-party lender's terms and conditions. Loan approval time may vary and is not guaranteed

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