Search results
Results from the WOW.Com Content Network
The credit line on a small business line of credit can be quite high. Depending on your business credit history and the company’s financial health, a card’s credit line can easily reach ...
Lines of credit for high-risk borrowers offer short terms from six to 24 months, although some lines go higher, like five years. May charge high interest rates.
The Wells Fargo Small Business Advantage® line of credit will help businesses newer than two years old, provided they have strong credit (a personal score of 680 or higher).
A business line of credit can be unsecured or secured (typically, by inventory, receivables or other collateral). Lines of credit are often referred to as revolving and can be tapped into repeatedly. For instance, if there is access to a $60,000 line of credit and $30,000 is taken out, access to the remaining $30,000, if necessary, remains.
The credit line on a small business line of credit can be quite high. Depending on your credit history and the company’s financial health, it can easily be $100,000 or more.
Business line of credit: Similar to a credit card; you have access to a revolving line of credit. This means you can repeatedly borrow up to a certain limit, repay it, and borrow again.
Business and personal credit score: A business can have a business credit score showing how the business handles its finances, much like a personal credit score. Lenders may set a minimum business ...
With online lenders, your business may need as little as six months or a year under its belt and $100,000 in annual revenue. Online lenders are also more accepting of bad or fair credit, such as a ...