Unsecured Business Line Of Credit

ELIGIBILITY GUIDELINE

A line of credit provides a flexible option for business capital, giving you access to funds when you need them without having to pay for what you don’t use

Guideline

Time in Business – 12 Months
Minimum Annual Revenue - $360K (or $30K per month)
Minimum FICO-600
No Sole Proprietor
Max Overdrafts and NFS's in the last 3 months
Financial Statements - last 3 Months
Minimum Bank Statement ending balance $2,500
Last 3 months business bank statement.
Funds are available on-demand
50% Ownership
No open previous Bankruptcies

Highlights

Most Industries Eligible
24 to 72 Hours Funding
Up to 3er position UCC
Pay on what you draw
No Fees to Keep Line Open and Closing Costs

Restricted Industries:

Non-Profit Companies, Used Auto Dealerships, Lenders and Financial Institutions, Check Cashing, Adult Entertainment, Firearms, gambling, Marijuana or Cannabis, Tobacco

Terms

$2,500 to $250,000
6 to 24 Months
8 - 24% APR
No Pre-payment Penalties
Eligible for a Credit Line Increase
24 hours Funding Available
Daily-Weekly-Monthly Payment

Required Documents:

Credit Application
Company Ownership Structure
Last 6 Months Bank Business Statements all pages
Trimerge Full Credit Report (all pages)
Owner’s Driver License Front and Back
Company VOID Check