Business Line of Credit

Business line of credit

A line of credit is a predetermined amount of funds that you can borrow from Tr when you need to and pay back later. Unlike a traditional loan, you can use the funds as and when you need them for business purchases like  business expansion , merger and acquisition ,inventory, supplies, operating expenses etc Unlike a term loan which has a fixed monthly repayment, you can typically pay back your credit line anytime, without any early repayment fees. All businesses need access to funds to run their business, but sometimes there isn’t quite enough working capital available when you need it. Our business  line of credit is “revolving.” That means you can use the funds, up to your approved amount, then repay what you’ve used to make the funds available again. Below are the terms:
  • Line Amount: $25,000 – $10,000,000
  • Term- Revolving
  • Time to Fund: 24 – 48 hours
  • Interest rate: 4%
  • Bad Credit -Accepted
  • Bankruptcy -Accepted
  • Foreclosure -Accepted
  • Security-Custom
  • Fees: Borrower will be responsible for expenses without limitation, including legal fees at closing