Line of credit borrowing limits — typically ranging from $5,000 to $150,000 — are smaller than a term loan. However, our Network lenders will provide a line of up to $2,000,000 if the business can service the debt. That is the beauty of revenue based finance…it takes into account how much money your business can actually produce. Your business bank and financial statements will justify the amount your approved for…not just your credit rating.
Business lines of credit with lower credit limits are typically unsecured, which means collateral such as real estate or inventory is not required.
You only pay on what you draw and the line can be replenished when it it is repaid. Each time you replenish your business line of credit it becomes less expensive making this type of finance ideal for most growing organizations.