More About Business Line of Credit
Ordinary small business loans don’t always provide exactly what you need. If your business circumstances look a little bit different, then a business line of credit might serve you better. A regular business loan is a lump sum spending amount. When you receive your business loan, you pay it back on a fixed, regular schedule. A business line of credit, on the other hand, allows you to borrow only as-needed. This gives you lots of extra flexibility. At United Credit Source, we’re proud to offer the business line of credit option to business owners across the country.
Compared to other loan types
|Loan types||Max Amount||Rates||Speed|
|Merchant Cash Advance||$7.5k – $1m||Starting at 1.09||1-2 business days|
|SBA Loan||$50k-$10m||Starting at 5%||3-5 weeks|
|Business Term Loan||$10k to $5m||Starting at 5%||1-3 business days|
|Business Line of Credit||$10k to $250k||Starting at 8%||1-3 business days|
|Receivables/Invoice Factoring||$50k-$10m||Starting at 5.8%||1-2 weeks|
|Equipment Financing||Up to $5m per piece||Starting at 5%||3-10 business days|
|Revenue Based Business Loans||$10K – $5m||Starting at 9%||1-3 business days|
United Capital Source Can Get Your Business a Line of Credit
Ready to start a partnership? Then let’s talk about opening a line of credit for your business. At United Capital Source, we’re here to help your business thrive. Contact us today to get started with your free assessment. Also, please feel free to give us a call, shoot us an email, or start an online chat. We look forward to working with you!