Obtain An Unsecured Business Lines of Credit
At Amplus Funding, we are proud to specialize in unsecured business lines of credit. While the amount of the credit available to a business owner will depend on a number of factors, we are able to provide anything ranging from credit card solutions for smaller businesses to individual lines of credit up to $500,000. Regardless of the nature of the credit, there is no collateral required for this type of service. How much each business qualifies for will depend on the following:
- The size of the business
- The profitability of the business
- The credit file of the business
Even companies that have not yet established revenue can benefit from these lines of credit, as a startup that has an owner or partner with a good credit file can typically expect a line of credit anywhere from $25,000 to $100,000.
An established business, on the other hand, can benefit from a line of credit that is between $100,000 and $500,000 if the revenue of the business is in excess of $1,000,000 and the business qualifies with regard to financials and credit.
The rates on these unsecured business lines of credit are excellent, particularly due to the fact that these are A-Paper products. Larger lines of credit typically fall between one and five percent, while introductory offers on business credit card solutions may be as low as zero percent.