Syndicated Business Line Of Credit
A Syndicated Line of Credit is a unique option available to new and existing
businesses. With no time in business or revenue requirements, the program
provides tremendous opportunities to entrepreneurs of all shapes and sizes.
Benefits: Flexible access to funds, interest only on used amounts.
Considerations: Variable interest rates, requires strong credit history.
- Dollar Amount: 10k-500k
- Term: Amortization Approx 2 yrs
- Buy Rate: Approx 15%-20%
- Revenue Requirement: N/A
- Time in Business
- Requirement: N/A Credit
- Score: 680+
- Restricted States: None
- Restricted Industries: N/A
- ABD/Neg Days: N/A
- Fees: 10%
- Prepays: N/A
- Commission: 5% + Usage