Business Line of Credit
Overview
Being a small business owner means being able to adapt to change at the drop of a hat. Business Lines of Credit are the most flexible financing options for businesses today. They allow business owners to stay in front of the competition by always having cash at their disposal.
At SBG Funding, a business is approved for a maximum amount of revolving credit and can draw down any amount, at any time, as long as it does not surpass the maximum approval amount. With SBG Funding, there are no restrictions around when and how you use your money.
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Business Line of Credit
with SBG
- Quick and Easy application process
- Approvals up to $150,000
- Terms between 6 and 18 months
- Rates between 5.99 – 18.99 %
- Line increase reviews every 60 days
- No Pre-Payment Penalties
- Approval within 24 to 48 hours
What You Need to Qualify
- 6+ Months in business
- $150,000+ in annual revenue
- All industries are welcome
How Do You Apply
- Click here to fill out our 1-page application
- Send us your last 3 months of business bank statements
- A dedicated SBG Funding Specialist will reach out to discuss your options.
Please note: Credit approval, requirements, and actual terms (including actual loan amount and rate), are subject to SBG and its affiliates credit standards and may vary by applicant
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What is a business line of credit?
The list for what you can use your line of credit for is endless however most of our clients use the line of credit to take on new jobs, add additional staff, and attend to short term needs such as payroll, vendor payments, and other corporate expenses. A line of credit is also a great way to make sure your business is ready for any unexpected expenses your business may incur while growing.
Benefits of lines of credit
- Quick and easy access to cash when you need it most
- Flexible repayment options
- True no pre-payment penalty
- If you don’t use it, it doesn’t cost you anything