Established businesses with financials and tax returns showing strong revenues and profit can get approved for up to $250,000 in unsecured funding with low interest rates and generous payback terms with our unsecured business lines of credit.
Your business can obtain up a credit line up to $250,000 that can be used for any purpose you desire. You can use your credit line for marketing and advertising, purchasing inventory and equipment, paying utilities, even paying payroll.
Approvals come with low fixed interest rates insuring your payments stay low even as you accumulate higher balances.
You can be approved for rates as low as 2% over the prime rate. Plus your new credit line reports to the business credit reporting agencies helping you build your business credit profile and score.
Approval amounts range from $50,000 to $250,000. The exact approval amount in large part is determined by the revenues and profits reflected on your tax returns.
You can be approved and have full access to your new credit line within 4-6 weeks. Your approval term will vary typically between 2 to 6 percent over the prime rate, based on risk. Lenders do also include at least a 1% success based funding fee.
To qualify, all owners with 20% ownership are only required to have FICO credit scores of 650 or higher.
To be approved owners shouldn’t have any derogatory credit marks on their personal credit report within the last 12 months, no active judgments or collections in unpaid status, and no bankruptcies reporting. Owners will also be required to maintain a clean credit history during the funding process.
To be approved lenders will want to see full business tax returns for the business for at least 2 years. To qualify your business returns should reflect a $350,000 or more in annual gross revenue.
You can qualify for between $50,000 and $250,000 in financing with our unsecured business lines of credit. And with low interest rates and generous payback terms, there has never been a better time to apply.
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Trevana Properties is a placement company working with a variety of hedge funds, REIT's, commercial banks, specialty boutique lenders, private investors and other funding sources not widely known to the general public.