A revolving line of credit is the best financing option when you need extra working capital to cover recurring business expenses or bridge cash flow gaps. With ongoing access to funds, you have the flexibility to withdraw only what you need, when you need it—and pay for only what you use. So, you’ll be prepared for whatever challenges and opportunities come your way.

Global Funding Financial Lending Programs offer...

  • $5,000 to $1.4 million in working capital.
  • Minimal credit checks. We do one soft inquiry when you apply and a full check upon approval.
  • Pre-payment discounts.
  • An opportunity to increase the amount borrowed after paying at least 60% of the original loan.
  • Collateral-free terms. You won't have to sign away your home or office to borrow with us.
  • Ultimate flexibility. Use funds as you see fit for most any business expense.

Why Choose Small Business Loan?

A Small Business Loan in Action: Miguel’s Electrical Services, Inc.

  • The Vision:

Miguel has been operating a successful electrical firm in a small New England city for more than ten years. Now he’s ready to act on a longtime vision of moving into the commercial marketplace.

  • The Opportunity:

When a new luxury hotel near the sports arena requests bids for its electrical work, Miguel bids on the $500,000, eight-month job — and gets it.

  • The Challenge:

The job will cost Miguel $250,000 in materials and payroll. The hotel is paying $100,000 up front, leaving him with a $150,000 gap to manage until the hotel makes its final $400,000 payment.

  • How Global Funding Helped:

Miguel applied for and received a $150,000 loan. And since we gave him a ten-month payback schedule, there’s a two-month cushion, just in case there’s an overrun on the job.

  • The Result:

Miguel and his team completed the job — and won two more commercial bids. Now we’re helping him fund those, too!

Get Started

Buy Equipment

Maintain your competitive edge.

Expand

Act quickly on new market opportunities.

Maintain Cash Flow

Compensate for slower startup or seasonal sales.

Renovate

Improve your workplace for enhanced employee and customer satisfaction.

Manage Expenses

Compensate for unpredictable cash outlays.

Purchase Inventory

Buffer your operation from supply-chain issues.

Staff Up

Add people when and where you need them.

Launch a Marketing Campaign

Keep the conversation going with customers and prospects.

Bolster Your Payroll

Compensate seasonal employees during slow periods.

Get Started With Ease

  • Apply

Submit the easy online application and within minutes, a Capital Specialist will call to discuss your funding request.

  • Get Qualified

We’ll make our funding recommendation within four to 24 hours.

  • Receive your funds

You’ll receive a lump-sum payout within 24 to 72 hours. Spend it at your own pace, as you need it.

Pros of a Business Line of Credit

Giving your business on-demand access to working capital

Features:

Amount: Approvals from $10K – $250K

Terms Options: 6 mo. – 36 mo. (the terms may reset every time you draw capital)

Flexible Payments: Automatic weekly or monthly payments

Instant Funding: Your Line of Credit is available to you 24/7/365

Qualifications for a Business Line of Credit

TIME IN BUSINESS

Minimum 6+ months

CREDIT SCORE

650+

ANNUAL REVENUE

$120,000 or higher

There are three different types of loans. They are short, medium, and long term. Short-term loans usually last for 12 months or less. Medium-term loans can last 12 months up to 36 months. Long-term loans can last anywhere from 3 years up to 25 years.

The main term loan definition is that it has a specified length of time required to pay it off. The interest rates can be fixed or variable as well. A loan can be an open line of credit, a term loan, or other type of lending product.

Mortgages are a type of term loan that most people are familiar with. It has a set amount of time like 20 years or 30 years to pay off and a fixed or variable interest rate.

Term loans are great for any business, but they are especially helpful for businesses with special equipment, permanent locations, and other startups.

Global Funding offers a free, no obligation quote for their term loans. Apply today to find out if your business qualifies.

Repayment begins typically the month after the loan starts unless your terms include different terms. You'll pay a set amount every month until the end of the loan unless it is a variable interest rate.

At the end of a term loan, your loan must be paid off in full. Once it's paid off, you are no longer bound by the terms of the loan.

Our dedicated specialist are here to assist you every step of the way!

Start Application

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