top of page
Line of Credit

Line of Credit

A flexible loan that you can access as needed to borrow up to a certain amount over time.

An LOC allows you to borrow funds for planned and unexpected expenses at a low rate. The approval process is fast and requires minimal paperwork.

Contact us to learn more about LOC

Call us to speak to a financial advisor today.

Revolving LOC for instant access to funds

1

How funding works

  • A business making more than $20,000 with owner(s) FICO scores above a 600 is provided with a revolving Line of Credit (LOC) at low rates

  • Rate range: 4.8%-24.99%

  • LOC is paid on a consistent predetermined schedule (weekly or monthly)

  • LOC terms are 6, 12, or 18 months

  • More funds are available to draw as the principal is paid down

  • Credit lines up to $250,000

  • Approvals are extremely fast, and the credit limit can increase as long as there is a good repayment history

2

Flexible loan rates are based on

 

  • Credit score and profile

  • Time in business

  • Monthly revenue

  • Industry

3

Line of Credit required documents

  • 3-6 months of recent bank statements or securely linking the business bank account

  • Application with basic details about the business and merchant

  • Driver’s license

  • Voided check

  • Proof of Address

4

Ask yourself

  • Do you have any existing debt on your balance sheet? If yes, what are the balances owed and who are the balances owed to?

  • Do you anticipate needing funding anytime in the next 12 months?

  • What do you intend to do with the funds from a line of credit?

5

Good to know

  • Why not set up a line of credit now for a rainy day, as you won’t be paying anything until you draw from it?

  • Repayment can be made on a weekly or monthly basis

  • Great option for business owners with a 600+ FICO score and grossing at least $20,000 per month

Apply Now

What our clients are saying about our solutions

Our Financial Solutions and Business Services support our clients as they stay competitive and grow to keep our nation’s economy alive.

Image by Jason Leung

Proud owner of a restaurant in California and was seeking capital to open a second location. My specialist at Motor City Funding Funding got me the exact dollar amount I needed to open, including renovation and equipment costs.

Harry R

Restaurant Owner

Accelerate the growth of your business

Small Business Loans. Merchant Cash Advances. Payroll, HR, Employee Benefits. Websites & SEO.

100+

Specialists

Over 100 funding specialists to keep you going

15

Financing Options

15 financing options and small business products

$2M

Funding Upto

Unsecured funding up to $2,000,000

48

Hours

Get funding in 48 hours

bottom of page