Revolving Lines of Credit
– Continuous access to capital for short-term business needs.
– Benefits
– Credit lines up to $5 million
– Only pay interest on the amount used
– Can be secured by accounts receivable or inventory
–Eligibility Criteria
-Credit Score: 600+
-Time in Business: 1+ year
-Revenue Requirement: $10,000+ monthly revenue
-Collateral: Not always required, but may improve terms