Business Line of Credit

What is a Business Line of Credit?

A line of credit (LOC) is a flexible revolving loan, in which a lender, usually a bank or a private lender, and a borrower, agree to a maximum amount of capital that the borrower can withdraw at any time. The borrower has these funds at his or her disposal, as long as he or she doesn’t exceed the maximum amount established in the agreement and makes payments on time.

The balance in a line of credit is revolving, meaning that the borrowers can use the funds, repay, and then spend again in a revolving cycle. In this way, lines of credit are very similar to business credit cards.

Business owners will typically use a line of credit to remodel or expand their store/offices, buy new tools or equipment, meet payroll, purchase inventory, launch a marketing campaign, or cover any unexpected expenses.

An essential advantage of GoKapital’s line of credit for business owners is that it provides more flexibility than a regular business loan.

Have a Question? Speak with an expert: 1-877-926-0024

What is a Merchant Cash Advance?

A line of credit (LOC) is a flexible revolving loan, in which a lender, usually a bank or a private lender, and a borrower, agree to a maximum amount of capital that the borrower can withdraw at any time. The borrower has these funds at his or her disposal, as long as he or she doesn’t exceed the maximum amount established in the agreement and makes payments on time.

The balance in a line of credit is revolving, meaning that the borrowers can use the funds, repay, and then spend again in a revolving cycle. In this way, lines of credit are very similar to business credit cards.

Business owners will typically use a line of credit to remodel or expand their store/offices, buy new tools or equipment, meet payroll, purchase inventory, launch a marketing campaign, or cover any unexpected expenses.

An essential advantage of GoKapital’s line of credit for business owners is that it provides more flexibility than a regular business loan.

Have a Question?
Speak with an expert: 1-877-926-0024

LOAN AMOUNT

From $20,000 to $250,000

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LOAN TERMS

6 to 12 months

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TIME TO FUND

1 to 3 days

INTEREST RATE

3% to 18% may vary

How to Apply for Business Line of Credit with CF Lending…

Once you submit the application form, we will determine if you qualify for the program and how much capital you can get. If your application is approved, funds will be transfered to your bank account.

You can Apply for a Business Line of Credit or give us a call if you have any questions: 1-877-926-0024

Our Application Process:

Step 1: Complete business line of credit application from

Fill the loan application form with basic details like your name, social security number, business tax identification number, business location, and any other essential information regarding your business.

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Step 2: Provide 6 months of business bank statements

Submit the documents that will be used to assess your business’s financial health as well as your identity. Some of the documents include your government-issued ID, and a statement showing your business’s credit card transactions.

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Step 3: Approval process

After completing the line of credit request form and providing the necessary documentation, you will recieve offers for your line of credit. Accept an offer and get funded within 1 – 3 business days.

Key Features of our Business Line of Credit Program

  • Rates From: 3 to 18% (may vary)
  • Terms: 6-12 months
  • Loan Amounts: $20K – $250K
  • Time to fund: 1-3 Business Day
  • Time in Business: Min. 1 year
  • Pay only for the money you use
  • Early payment discounts (save on interest)
  • Industries Funded: All
  • Minimum credit score: 630
  • Collateral Required: No
  • Restrictions on Uses: No
  • Rates From: 3 to 18% (may vary)
  • Terms: 6-12 months
  • Loan Amounts: $20K – $250K
  • Time to fund: 1-3 Business Day
  • Time in Business: Min. 1 year
  • Pay only for the money you use
  • Early payment discounts (save on interest)
  • Industries Funded: All
  • Minimum credit score: 630
  • Collateral Required: No
  • Restrictions on Uses: No

or Call us: 1-877-926-0024

Monday – Friday 9am – 5pm (U.S. Eastern Time)

Benefits of Getting a Business Line of Credit

Compare Business Line of Credit to Find the Best Funding For Your Business

Pros

  • Fast approvals
  • Fast funding
  • Minimal underwriting and due diligence
  • Minimal documents required
  • Nearly all credit-types acceptable
  • Will fund even with tax liens
  • Entire process can be handled online
  • Funds wired directly into business account

Cons

  • May be expensive
  • High fees
  • Can prevent attempts to get traditional financing
  • Blanket lien on all business assets
  • Interest is not tax deductible

A Business Line of Credit Allows You to Only Pay For What You Use!

With a Business Line of Credit (LOC) from CF Lending, you can access the capital you need at any time. If you have been in business for at least one year, you can get approved for up to $250,000. The best part is that you will only pay interest on the amount you draw, not on the entire loan amount. We have no pre-payment penalties. Pay early and save on interest. Expand your business today with CF Lending instant line of credit.

Repayment and How it Works

One fundamental difference between a line of credit and a regular Small Business Term Loan is that with a LOC, borrowers can withdraw the amount of capital that they consider necessary to cover their business’ needs and pay interest only on the portion of the money that they borrowed.

They don’t necessarily have to draw the entire amount approved by the lender. While on a regular business loan, borrowers receive a lump sum of cash that he or she has to pay back in equated monthly installments. In other words, a line of credit gives the borrower the flexibility to take out as much or as little as they want as long as he or she doesn’t exceed the maximum credit amount.

Why should you choose CF Lending for business financing?

Some of the reasons that make investors choose CF Lending over other lenders include:

Our financial advisors are always available for consultation

Unlike most lenders, CF Lending works with a dedicated team of advisors who offer a free consultation to clients. You can take advantage of these free services to make sound financial decisions.

Reliable lender

CF Lending collaborates with credit unions, mortgage lenders, and many more financial institutions. Besides working with financial institutions, we are always in constant search for technological solutions to facilitate easy and fast application.

Excellent customer service

CF Lending is dedicated to meet, if not exceed, our customer’s expectations.

Nationwide and international coverage

We are headquartered in Orlando, Florida, but we also serve clients from all States, Canada, and Puerto Rico.

Minimum qualifications

Unlike traditional lenders who fund only established companies with attractive credit history, CF Lending offers loans to any business as long as it has been running for at least four months and is making $20,000 in monthly sales. 

CF Lending values minorities

We believe that every entrepreneur deserves the opportunity to excel. For this reason, veterans, Latinos, and women in business are highly encouraged to apply for a merchant advance.

You can receive as much as $250,000

Another reason why you would want to get your loan from us is that you can qualify for as much as $250,000 as long as your business makes reasonable credit card sales per month.

or Call us: 1-877-926-0024

Monday – Friday 9am – 5pm (U.S. Eastern Time)

OTHER SERVICES

Merchant Cash Advance

Any business owner that needs capital right now can apply for a Merchant Cash Advance with CF Lending and get a lump sum upfront.

Business Line of Credit

With a Line of Credit (LOC) from CF Lending, your business can have access to the capital it needs at any time.

Small Business Loans

Whether you’ve been in business for years or are just starting out, running a successful company requires capital. Get the loan you need to grow.

Hard Money Fix & Flip Loans

Hard Money Loans For Real Estate Investors. Real estate investment loan programs – quick closings and competitive rates.

Equipment Leasing

Loans for New and Used Business Equipment financing helps you grow your business while preserving much-needed capital.

Commercial Real Estate

Secure financing for commercial properties, available in all 50 states, with terms ranging anywhere from 1 to 30 years.