Lines of credit

  • Asset Based LOC
  • – Up to 75% LTV (Loan to value of collateral)
  • – Programs range from 1 to 7 years
  • – Cost is between 7% and 12% APR
  • – Minimum 1 year in business
  • – Payments made monthly
  • – Minimum 660 FICO to apply with 6 bank statements and debt & real estate schedule
  • Receivables Based LOC
  • – Up to 85% of 70% of the A/R (Accounts Receivables)
  • – Term is revolving
  • – Cost is between 10% and 15% APR
  • – Minimum 2 years in business required
  • – Payments made monthly
  • – No minimum credit to apply with 6 bank statements, A/R and P&L with balance sheet
  • Revenue Based LOC
  • – Up to 125% of monthly gross sales
  • – Term is 12 months
  • – Cost is around 2% per month, simple interest
  • – Minimum 6 months in business required
  • – Payments made weekly or monthly
  • – Minimum 620 FICO to apply with 6 bank statements