A business line of credit gives you the ability to access funding when you want, up to your credit limit. And unlike a traditional loan or merchant cash advance that is one-time, a Line of Credit is “revolving.” This means that as you repay back your outstanding funds, your available credit replenishes, and you can draw additional funds again as you like. With a Business line of credit, you only pay interest on the amount drawn. You have access to a credit limit depending on your requirements, credit score, and business revenue. You can draw any amount below that credit limit at anytime.
Requirements for our Business Line of Credit;
*Must be in Business for at least 2 years
*Personal credit score of 650
*Minimum $25,000 a month in revenue
Global Funding provides Business Lines of Credit that range from $25,000-$250,000 in the United States with terms up to 24 months. You can receive the capital from us within 24 hrs with flexible repayment options.