Unsecured Business Line of Credit
What is an unsecured business line of credit?
An Unsecured Business line of credit is an approved loan extended to small business owners allowing them to draw upon it when the need arises. This type of financing allows merchants to pull funds from their line as needed and only pay interest on the money they take with out pledging collateral. Business owners have 24-hour access to loan drafts over a 6 month period. You can even request funds online!
This type of loan allows companies the flexibility to take advantage of positive situations as they arise, such as a discount on materials or new location or new hire without having to wait for a bank to approve a loan with long underwriting periods. The funds are available when needed with an unsecured Business Line of Credit!