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Line of Credit
A line of credit is most suitable for companies looking for a cost-effective, long-term debt partner that can grow alongside the business. It is particularly appropriate for businesses that are profitable, experiencing rapid growth, and in need of an efficient capital injection.
Key Eligibility Criteria
Understand the benchmarks that guide approvals and structuring.
Check Size
From $50k to $2MM. Flexibility to increase line size over time.
Rate
Generally starts at 1% per month. Rates may adjust with performance and financial stability.
Security
Unsecured, no UCC filing required. No assets pledged or liens placed.
Time to Close
Typically 1–3 days from signed term sheet. Timeline depends on due diligence and documentation. Efficiency improves with complete financial records.
Term
Varies by bank and structure, usually a 10-36 months term. Often structured with annual renewals.
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