Is an Unsecured Business Line of Credit Right for You?
Good credit practices have their rewards, including increased financial flexibility. Profitable companies with strong credit histories may qualify for unsecured business lines of credit. These credit lines and small business credit cards have no collateral requirements, freeing you from worry over lost equity.
Who Can Benefit?
Select Capital Solutions extends unsecured credit to established businesses and startup companies. The terms vary depending on company age and revenue. Qualified startup companies can expect $25,000 to $50,000 in credit, even with no revenue history. Established businesses may qualify for $100,000 to $500,000 in credit if they have $1 million to $10 million in revenue . These credit lines carry a lot of advantages, including:
- Interest rates of 1% to 5% over prime for larger credit lines
- 0% introductory interest rates on business credit cards
- Freedom from subprime loans
Actual credit lines and interest rates will vary depending on your company’s financial status. We structure our unsecured business lines of credit to keep interest rates low. If your credit score and financial profile do not qualify you for our lowest rates, we will not approve the application. You may be guided to more appropriate funding sources based on your financial needs.
Get started by calling Select Capital Solutions or completing a 5-minute prequalification below.