Business Start Up Funding and Unsecured Business Line of Credit for Start Up Businesses
Unsecured Business Line of Credit for Start Up
Are you a looking for business start up funding for equipment, a start up capital or an unsecured business credit line?
If you are a startup business, or you need funding to start a business, we have business credit line solution that you should consider. If you have a credit score 700 or higher, we can get you up to $100,000 in credit lines, per qualified signor. This can give you the working capital you need to get your business started on the right track.
Even if your bank was unable to lend you money, consider giving us a try.
We use a large network of 5000 business lenders across the country to match your business loan needs with a lender who wants your business.
The average amount of unsecured business credit line for start up business funding, we have seen is around $40,000. Not everyone qualifies for $100,000. If you have multiple owners or co-signers with credit score over 700, and the right credit history, we can actually get a business more up to $100,000.
Get approved in as little as 24 hours. Once approved, you will begin receiving the working capital funds you need, within 7-10 business days.
The primary factor for the amount of business credit line you will receive, is credit utilization and inquiries. We often bump into people with great credit, but they’ve talked to either the wrong startup funding lender, who shopped too many banks for the client, creating multiple inquiries. A secondary factor is the business owner, individually recently applied for multiple lines of credit.
We are very sensitive to inquires and our process allows you to get an offer, before we have a hard inquiry on your credit report. Once the offer is acceptable by you, we obtain multiple lines of credit from a diversified group or banks, using just one inquiry.
If for some reason you have great credit, but there are too many recent inquiries on your credit report for the amount of startup capital you need, we have a process for removing inquiries. This will delay the timetable for funding, but it is still much shorter than using a bank.
Equipment Financing for Start Ups
The second start up capital source is for purchase of equipment. With equipment financing your startup can get financing for equipment with 650 credit or better. We can get you up to $150,000 for your business start up to purchase equipment for construction business or restaurant, medical practice or almost any industry.
Your start up business can receive up to $50,000 per schedule or invoice. With a max of 3 for $150,000 of start up equipment funding.
Our existing business equipment financing rates start around 5%. With startups, history says it’s a little riskier, so the rates for your first 2 years in business are typically a little bit higher. This can help your business establish their own credit score. This can help you move from financing with personal credit to the business in the future.
If you’re needing start-up capital please reach out to us , call us at (317) 589-0118 Nationwide.