Unsecured Business Lines of Credit
All that is needed is 675 + credit scores and a legal business entity.
Key points of the program:
– Stated income application, no collateral needed
– $20,000-$300,000 available
– 0% interest rate for 9-13 months
– Great for start up entities needing working capital
– Program works for Investors and Fix & Flip Companies too
– Fixed 3-7 year personal term loans available as well
8% fee after you are funded but the 0% rate does help to offset
This can be a great resource, for down payment money, working capital, rehab, cap ex needs, etc.
Bank checkbook lines may also be available as stated or full doc with $70,000 in net business income.
Full doc as low as 4.95%.
Stated is also available, but at a much higher rate.