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Business Lines of Credit

Business Lines of Credit are one of the top credit solutions for business owners. It allows for flexible use and affordability with the added benefit of only using what you need, when you need it.

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(Without affecting your credit!)

Small Business Benefits

Getting approved for a Line of Credit can happen is just a few hours. The benefit of having access to a line of credit over having a lump sump loan, is the ability to decide when to use it and how much of it. This will usually result in not overusing your debt and be ready when an opportunity arises.

Small Business Uses

Lines of Credit can be used for a wide variety of cases. The great thing about being approved for a line of credit, is that this one can help with both small and large debt usage. You can maintain your line of credit opened and use it whenever you see fit, as you would with a credit card. Except it's for the most part a better product.

Education and Guidance

Time and time again, we see business owners get approved for lines of credit with amazing terms. However, they lack the appropriate knowledge or financial guidance in order to execute it in the best way possible that will not only give them great returns, profit, but can also improve their current credit profile.

Business Lines of Credit

Usually you'll find that Lines of Credit cap at around $250,000 for online providers.

A business line of credit is characterized for having the flexibility that other traditional lump sum loans don't have. For instance, if y0u were approved for $100,000 in a line of credit, you would have that amount at your disposal. Now, let's say that you need to make an emergency equipment purchase that will run you for $40,000. This would effectively work as a $40,000 loan from your available $100,000. You'd only pay interest on those $40,000. 

Need to manage cash flow? Buy inventory? Pay for a surprise expense? Then a business line of credit makes sense.

  • You have access to funds when you need them. Instead of starting an application when opportunity arises and potentially missing out.
  • You only pay interest in the exact amount that you pull from your available credit line balance.
  • You save on interest as you are able to plan your debt and repayment according to needs.
  • Tighter restrictions for qualifying for a line of credit.
  • Usually lines of credit are capped at a substantially lower amount than a lump sum loan.
  • It can accumulate interest if borrower is unorganized with their repayment.

Get $20,000 - $250,000

Lines of credit start at around $20,000 and max out at around $250,000

Terms of 6 - 18 Months

Terms are customized according to your needs and up to 18 months.

Starting at 8.4% APR

Lines of Credit Start at about 8.4% APR which translates to 0.7% a month

Who Qualifies for Business Lines of Credit? 

(Based on American SBA previous clients)

640 Minimum Credit Score

Credit score is moderately weighted when applying for a BLOC.

From $180K Annual Revnue

Getting approved for BLOCs may require a moderate business revenue.

1 Year in Business

We've seen that on average businesses that are approved have a minimum of 1 year in business.

How do you apply to a Business Line of Credit?

Business Lines of Credit actually have a quite simple application process for business funding. You can easily apply by filling up a quick 5-minute application and sending in your last six months of bank statements. 

Your advisor will go over your documents and if there’s any information missing they will be in touch shortly. 

You can find the application by clicking here.

Items you'll need:

  • Driver's License
  • Voided Check
  • Bank Statements
  • Signed Application

Compare Other Loan Types

Type of Loan

  • WCL and MCA's
  • Business Term Loan
  • Lines of Credit
  • SBA Loans
  • Personal Loans

Amount

  • $5,000 - $500,000
  • $25,000 - $500,000
  • $10,000 - $1,000,000+
  • $5,000 - $5,000,000
  • $5,000 - $30,000

Interest Rate

  • Starting at 1.12x >
  • Starting at 7.0% APR
  • Starting at 6.5% APR
  • Starting at 6.0% APR
  • Starting at 5.99% APR

Credit Score

  • 500 > Credit Score
  • 680 > Credit Score
  • 630 > Credit Score
  • 680 > Credit Score
  • 600 > Credit Score
  • Characteristics:
  • $25,000 - $500,0000
  • Interest Rates: 7% >
  • As Fast as in 48 Hours
  • Requires:
  • 3 Years in Business
  • 680 > Credit Score
  • Characteristics:
  • $10,000 - $1,000,000 +
  • Interest Rates Starting at 7.0% APR
  • As Fast as in 24 Hours
  • Requires:
  • 1 Year in Business
  • 630 > Credit Score
  • Characteristics:
  • $5,000 - $500,0000
  • Factor Rates Starting at 1.12x
  • As Fast as in 48 Hours
  • Requires:
  • 3 Months in Business
  • 500 > Credit Score
  • Characteristics:
  • $5,000 - $5,000,0000
  • Interest Rates Starting at 6.0% APR
  • As Fast as in 2 weeks
  • Requires:
  • 4 Years in Business
  • 680 > Credit Score
  • Characteristics:
  • $25,000 +
  • Interest Rates Starting at 5.99% APR
  • As Fast as in 48 Hours
  • Requires:
  • Consistent Personal Income
  • 600 > Credit Score

Working Capital Loans and MCA's

  • Characteristics:
  • Get $5,000 - $500,000
  • Factor Rates: 1.12x >
  • Speed: As fast as 24 Hours
  • Requirements:
  • 3 Months in Business
  • 500 > Credit Score

You'll be surprised what we can do for your business.

Know your options in just a few minutes!

Let's do it!

What Industries can Benefit?

Virtually all industries can benefit from a line of credit. Some more than others, but given this product provides such flexible use-cases, opportunities arise at any situation.

Transportation Industry

Short term capital loans have proven to be a great option for the transportation industry! Funds are likely used for buying trucks, equipment, or repairs. Often a very popular option for this industry.

Retail Sales Industry

Many retail store owners require some extra capital to leverage economies of scale to take advantage of discounted prices and lower costs per goods sold!

Medical Industry

Many medical professionals that require an upgrade in their equipment or an expansion of their current operation resort to short-term capital loans. Often secure lower rates than the average.

Professional Services

Professional services often have the same issue than other independent contractors. There's a demand for work, but no capital for the required resources. This solves that issue!

Construction Industry

Contractors often have many projects ahead that are left untreated for lack of proper resources. These loans are able to bridge that gap and allow work to happen!

Restaurants and Bars

Time-in-time again we service owners with broken essential equipment. Every day without it is costing them money. This product serves useful as it is the fastest road to funds.

Our Achievements

A+ Better Business Bureau Grade We've been accredited with an A+ grade with the BBB for 4 years in a row!
Michael Wallace - Managing Director "American SBA shed light on options I didn't even know I had..."
Graciela Broward - Founder and Owner "You won't find a better and honest team of financial consultants, promise.."
Jason Malave "...this revolutionized my capital acquisition process dramatically."
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Satisfied Business Owners

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Loans Under 14% Approved

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Free Financial Audits Done

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Successful SBA Approvals

Have specific questions?

Give us a call or email us!

submit@americansba.com
Click to Call (833) 735-4800
  • (833) 735-4800
  • submit@americansba.com
  • 2901 W Cypress Creek Rd, Ft. Lauderdale, Florida

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