Flexible Business Lines of Credit
A Business Line of Credit from BH Capital Funding is a versatile financing option that allows businesses to access funds as needed, providing the flexibility to manage cash flow, cover unexpected expenses, or take advantage of new opportunities.
Key Features:
- Flexible Access to Funds: Draw only what you need, when you need it, up to your credit limit.
- Revolving Credit: Repay and reuse the credit line, similar to a credit card, which provides continuous access to funds.
- Competitive Rates: Benefit from competitive interest rates that make managing your business expenses more affordable.
- No Hidden Fees: Transparent terms with no hidden fees, ensuring you know exactly what you're paying for.
Benefits:
- Improved Cash Flow: Smooth out cash flow fluctuations by having funds readily available.
- Financial Flexibility: Use the credit line for a variety of business needs, from purchasing inventory to covering payroll.
- Quick Access: Get fast access to funds without the lengthy application process typically associated with traditional loans.
- Credit Building: Help build your business credit score with responsible use and timely repayments.
How It Works:
- Application: Simple and quick application process.
- Approval: Fast approval times, ensuring you get access to funds when you need them.
- Draw Funds: Access your line of credit as needed, only paying interest on the amount drawn.
- Repayment: Flexible repayment terms, allowing you to repay the balance as you use it.
Lending Criteria: To qualify for a Business Line of Credit with BH Capital Funding, your business should meet the following criteria:
- Established Business: Must have been in operation for at least 6 months.
- Revenue Requirements: Minimum annual revenue of $100,000.
- Credit Score: A good personal and business credit score, typically above 600.
- Financial Documentation: Up-to-date financial statements, including profit and loss statements, balance sheets, and cash flow statements.
- Legal Documentation: Proof of business registration, operating agreements, and any other relevant legal documents.
- Collateral: Depending on the amount requested, collateral may be required.
Eligibility:
To qualify for a Business Line of Credit with the Lion Capital Fund, your business should have a stable revenue stream and a good credit history. Specific eligibility criteria may vary, and we work with businesses to understand their unique financial situations.