Lower monthly obligations
If your plan is to keep the balance out for the long term or in need of a high dollar amount, we typically recommend utilizing a loan for your financial needs. Not only does a loan offer longer term and lower annualized rates, they also offers a much higher dollar amount as well in comparison to a line of credit.
A loan is often a one lump sum funding. If you want to take a portion now and a portion later, there's no guarantee that you'd have access to those funds later on. It'd depend on your business revenue at the time to determine your eligibility for additional funding.
So, if you're looking for a lump sum funding with low annualized rates, low monthly or weekly obligation. We'll 100% recommend a business loan for you.
No hard credit check to see approval
Simple to fund
Apply now and see what you qualify for