Business Lines
of Credit
Fast
Approval
Funding up to
$500,000
No Prepayment
Fees
Flexible
Payments
Business Lines of Credit
A Business Line of Credit gives you access to funds up to your credit limit which can be borrowed and paid back multiple times while only paying interest on the money you borrow.
This is a flexible and typically unsecured way to borrow money for seasonal businesses or businesses that need help managing cash flow or handling unexpected expenses
Are you looking for a flexible line of credit to support your business funding?
A United Funding Business Line of Credit is perfect for you!
Get a flexible business credit option that allows you to borrow when you need funds. Think of our business line of credit as a safety net for your business. With it, you can borrow funds when you need to cover unexpected expenses or take advantage of an opportunity.
Furthermore, you’re under no obligation to use the total amount of your credit. You only back interest on the amount you borrowed.
What is a Business Line of Credit?
A business line of credit gives you the option to borrow money when you need it rather than as a one-time payment like business loans. Think of it as a credit card for your business funding – you use it when you need money. Our business line of credit works similarly to that. You get a credit limit you can borrow against within a draw period. A draw period is a borrowing window; you can borrow anytime within this window. After your draw period, you start to pay back your loan with a flexible payment plan.
Why Should You Consider Business Lines of Credit?
What is a Business Line of Credit?
Want fast and flexible business funding for your business? Consider a United Funding Business line of credit! With our business line of credit, you can continue to borrow money up to a certain amount over a specified period.
Build Your Business’s Credit Rating
Are you looking for a way to build your credit rating? Our United Funding line of business is an excellent way to do that. If you use your credit carefully and repay on schedule, you’ll raise your business credit rating. A higher credit rating equals more opportunity.
Easy to Opt-Out
You’re under no obligation to take your credit within your draw period if you don’t need it. You only pay back what you borrow, not your entire credit. That makes it easy to opt-out if you don’t want to use your credit or you only want a part of it.
Merchant Cash Advances
Merchant Cash Advances is an optimal choice for businesses with high credit sales looking to get money against it. This type of small business loan allows you to get a good amount of funds in exchange for a percentage of your accounts receivable. Although merchant cash advance is an easy loan to get, it usually comes with a high-interest rate. You might find yourself paying more money throughout the loan's time than you expected.
Collateralized Loans
In this Getting loans for small business owners can be a challenging task. Even if they do get a loan, they will have to deal with many things such as high interest, etc. But a collateralized loan is the best loan that gives you more flexibility compared to other small business loans with a bad credit score. loan, you give the lender collateral, which it can seize if you don't follow up on the payments. Lenders are likely to consider giving loans to small businesses since the loan is secure. You will have to keep a non-current asset as collateral, such as land, equipment, or anything else
Fast And Easy Processing/Funding
Our application process is relatively easy. Once you’re qualified, you’re good to go. The processing period is fast; funding is immediately after your application is processed.
Trust and Credibility
Partner with a trustworthy and credible lending partner! The United Funding Group is a certified lending partner with several years of experience. We aim to help you meet all your business funding needs.
No difficult Requirement
Our requirement to apply for a business line of credit is quite simple and easy to meet. There are no complex requirements; as long as your business has the basic requirements, you’ll get your credit.
How to Get Started
Fill the Application Form
Visit our APPLY NOW page to start your application process. Don’t worry about your privacy; our form is secured with the highest SSL standards. Ensure you fill out all the sections and provide the necessary documents for fast processing
Processing
You’ll get a business specialist that will help you with the rest of your processing period. With their help, you can set up the best draw period and repayment plan for your business
Receive Your Funds
You’ll receive your funds almost immediately after your processing is complete. With our business line of credit, you can make withdrawals when you want during the specified period.
Start Your Application Now!
FAQ
How Is My Business of Line Credit Determined?
We determine your business line of credit
based on several things:
Your Business's annual revenue
Your credit rating
How long your business has been in place
Our specialist will explain this process and your credit limit when you start your application process.
How can I Qualify for a Business of Line Credit?
You don’t need much to qualify for a business of line credit. The basic requirement is that your business must have been operating for at least six months.
Furthermore, your business should have a good credit score; that helps your application process. You must also have plans in place to repay the loan at the end of your draw period.
How much can I withdraw with a Business Line of Credit?
Your credit limit is determined based on several factors, including revenue and liquidity. Once your credit limit is determined, you can withdraw funds when you need them as long as you haven’t exceeded that limit.
How long do I have to pay back a business line of credit?
Our payment plan will be determined during your processing period. Just like any long-term loan, you’ll pay your line of credit back based on your agreement.
Do I have to repay the business Line of Credit in Full?
No, you only have to pay back the amount you borrowed with interest. Let’s say you only borrowed 50% of your credit limit. You’ll only have to back that 50% with interest.
Flexible Borrowing
The borrower only pays back interest on the funds used. The line is revolving which means that the credit/cash is made available again once it's paid back.
No Collateral Required
Flexible approvals without the need for collateral. Qualifying credit score must be 700+