Online Small Business Line of Credit
An online small business line of credit provides greater flexibility compared to other funding options for small businesses. Obtain the working capital your business requires within just 24 hours, with no restrictions on how you utilize the funds.
Online Small Business Line of Credit
An online small business line of credit provides greater flexibility compared to other funding options for small businesses. Obtain the working capital your business requires within just 24 hours, with no restrictions on how you utilize the funds.
Understanding a Small
Business Line of Credit
An online small business line of credit provides the working capital you need without the commitments of a fixed-term loan. You can withdraw any amount up to your credit limit and repay it as often as necessary, provided your business maintains or improves its performance from the time your line of credit was approved. Fees are only charged on the amount you use.
Online Small Business Line of Credit Rates
Alternative business funding often utilizes a factor rate rather than a traditional interest rate. Factor rates are straightforward decimal numbers indicating the additional amount owed on the original loan. These rates are determined by assessing your risk and typically range between 1.1 and 1.5.
Who Should Consider Applying for an
Online Small Business Line of Credit?
A small business line of
credit is perfect for:
Purchasing new inventory
Opening a new location
Upgrading or replacing equipment and technology
Enhancing your small business’s
marketing efforts
Bridging cash flow gaps during
slow periods or between projects
Small business lines of credit can benefit various industries, including law firms, medical practices, construction companies, restaurants, retailers, and more. Regardless of your industry, our expert Funding Advisors will collaborate with you to select the best funding option to achieve your business goals without compromising cash flow.
Understanding a Small Business Line of Credit
An online small business line of credit provides the working capital you need without the commitments of a fixed-term loan. You can withdraw any amount up to your credit limit and repay it as often as necessary, provided your business maintains or improves its performance from the time your line of credit was approved. Fees are only charged on the amount you use.
Online Small Business Line of Credit Rates
Alternative business funding often utilizes a factor rate rather than a traditional interest rate. Factor rates are straightforward decimal numbers indicating the additional amount owed on the original loan. These rates are determined by assessing your risk and typically range between 1.1 and 1.5.
Who Should Consider Applying for an Online Small Business Line of Credit?
A small business line of
credit is perfect for:
Purchasing new inventory
Opening a new location
Upgrading or replacing equipment and technology
Enhancing your small business’s
marketing efforts
Bridging cash flow gaps during
slow periods or between projects
Small business lines of credit can benefit various industries, including law firms, medical practices, construction companies, restaurants, retailers, and more. Regardless of your industry, our expert Funding Advisors will collaborate with you to select the best funding option to achieve your business goals without compromising cash flow.
Here's how to secure a Merchant Cash Advance
APPLY
Collect 3 months of bank statements and other relevant documents. For quicker approval, provide us with secure access to your bank account’s transaction data.
CHOOSE FUNDING
A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.
GET FUNDED
Once you and your Funding Advisor decide on the best funding option for your business, the funds can be approved and deposited within 24 hours.
SET REPAYMENT
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales, with amounts based on your sales volume.
Here's how to secure a Merchant Cash Advance
APPLY
Collect 3 months of bank statements and other relevant documents. For quicker approval, provide us with secure access to your bank account’s transaction data.
CHOOSE FUNDING
A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.
GET FUNDED
Once you and your Funding Advisor decide on the best funding option for your business, the funds can be approved and deposited within 24 hours.
SET REPAYMENT
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales, with amounts based on your sales volume.
Using a Line of Credit for Your Small Business
A small business line of credit can be utilized without any restrictions.
It is typically most effective for:
Bridging cash flow gaps due to seasonal slowdowns or unforeseen expenses
Funding growth strategies, acquiring new equipment, and making other significant purchases with a high ROI
Financing expansion, mergers, or acquisitions
Capitalizing on seasonal opportunities, such as buying inventory in bulk
Using a Line of Credit for Your Small Business
A small business line of credit can be utilized without any restrictions.
It is typically most effective for:
Bridging cash flow gaps due to seasonal slowdowns or unforeseen expenses
Funding growth strategies, acquiring new equipment, and making other significant purchases with a high ROI
Financing expansion, mergers, or acquisitions
Capitalizing on seasonal opportunities, such as buying inventory in bulk
Online Small Business Line of Credit Qualification Requirements
Applying for a small business line of credit online with ASAP Capital is simple. Approval is determined by your business’s revenue and cash flow rather than solely your credit score. We consider the following factors:
Business revenue
Cash flow (evaluated from your bank balances over time)
Vendor payment history
Years in business
Industry type
Public records
Personal credit
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