Business Line of Credit
Only Pay for What You Borrow
You’ve got big plans to grow your business, but all you’re missing is the capital to make it happen. Whether it’s an expansion project, renovations, some new equipment, or another location, Alliance Business Capital has your back. Our Business Partners Line of Credit quickly puts up to $750,000 at your fingertips – collateral free. Use the funds as needed and only pay for what you borrow. The initial line can be approved in 24 to 48 hours, with 24-hour access to 5 separate loan drafts over the next 6 months.
Even without an immediate need, business owners are establishing lines of credit now. Being prepared is smart. Business owners know opportunities and/or issues can arise quickly and having committed working capital at the ready allows them to be prepared for the unexpected!
What is a Business Line of Credit?
A line of credit is an approved amount of committed working capital extended to restaurant and small business owners allowing them to draw upon when the need arises. This type of restaurant financing allows merchants to pull funds from their line as needed and only pay interest on the money they take. Restaurant owners have 24-hour access to 5 separate loan drafts over a 6-month period. You can even request funds online!
Line of Credit Advantages
- Loan amounts are available from $5,000 to $750,000 with no collateral required with repayment terms up to 36 months.
- Lock in your best rate for the next 6 months with a minimum first draft of only $10,000.
- Use the funds as needed and make low, fixed weekly payments. Our line of credit is a business loan not a cash advance, so repayment is not tied to your daily credit card receipts.
- Quick online approvals and fundings in less than a week. Line drafts are normally processed in 24 hours.
- Combine our Business Line of Credit with our Flex Pay Loan and you can defer up to 50% of the principal into the future for more affordable payments now and pay it back when the time is right.
- The interest you pay may be tax deductible, further lowering your cost of funds, and early payoff options are available.
INDUSTRIES WE WORK WITH
To see if your Business is an Eligible Business Type and view Underwriting Criteria click on the below button.