Funding Solutions for Your Business
Of the many financing options we offer at All Purpose Lenders, our unsecured business lines of credit are among the most popular. Through conducting a quick but thorough analysis of your company, we can determine how much money you qualify for so you can grow your business.
How It Works
There are several things we will take into account when determining how much your credit line will be, including:
- The size of your business
- The owner’s or company’s credit profile, depending on the circumstances
- What kind of net revenue the company generates
There is a wide range of credit limits as well as a few specifications you may have to meet in order to secure certain amounts. For example, we do not require you to have any collateral for some lines, meaning as long as your credit profile is good, you can qualify for as much as $100,000. Higher lines of credit are available for businesses with established revenues of $1 million to $10 million or more. These companies could qualify for upward of $500,000.
Many businesses turn to our team at All Purpose Lenders because our rates are always competitive. You may find an introductory rate as low as zero percent. Larger credit lines typically boast attractive rates of between 1 and 5 percent. In order to get your quick, no-obligation prequalification process started, give our office a call today.