Get a Business Line of Credit or Term Loan FAST (Revenue Based) - Business Credit 2021

Need a business line of credit or business term loan fast? In this video you will discover how to get a business credit line or loan for your business quickly and easily. All it takes is to register online, connect your business bank account or accounting software and get a credit decision right away.

In order to qualify for a business line of credit for your business requires a minimum six months in operation, at least four thousand dollars or more in monthly revenue and a personal credit score of 600 or more.

To apply for a business line of credit go to http://bankbusinessline.com

Now during the application process, they conduct a soft inquiry which does not hurt your personal credit. However, once you draw funds from your credit line for the first time it does trigger a hard inquiry one time.

The easiest way to acquire a credit line for your business without all the excessive documentation and minimum credit score of 600 is with an alternative lender. Alternative lenders offer funding options to business owners outside of a traditional bank loan or line of credit.

This lender assesses a business for a term loan or line of credit based on other data such as bank deposits or accounting software such as FreshBooks.

Unfortunately, many alternative lenders require more strict credit requirements and some have much higher revenue requirements as well. The lender in this video has a very minimal credit and revenue requirement.This lender’s approval process is based primarily on the company’s bank deposit activity.

This allows a business to acquire a business line of credit even if the company is only six months old and the owner has credit scores in the 600 range.

Some of the benefits of this type of line of credit for business are as follows:
No origination fees, maintenance fees or inactivity fees
Draw up to 100% of the credit limit in cash only when you need it
Only pay for what you use
Draw funds from your line of credit online (funds deposited in 2 days)
Balance can be paid back immediately or over longer repayment terms
No restrictions on how you use funds
Draw funds multiple times up to your credit limit or receive a lump sum cash for a term loan

For more details on how to get a business line of credit or business term loan check out the following websites below.

https://youtu.be/-rDNK1CX4_8
http://bankbusinessline.com
https://businesscreditblogger.com/2017/05/16/new-business-line-credit/
https://businesscreditbuilders.org/
https://businessfundingengine.com/