Unsecured Lines of Credit to Help Startups and Established Businesses
Unsecured business lines of credit are excellent ways for businesses to make purchases without limiting their cash flows. While these loan types are beneficial, they typically require a good to excellent credit profile.
Benefits of Unsecured Credit
All businesses are capable of qualifying for a line of credit. However, credit is dependent on history and credit score. Although, whether you are a startup or an established business, with our unsecured line of credit, you will experience numerous benefits.
- 0% introductory rates for qualified operations
- Larger credit lines with 1% to 5% over prime
- No subprime loans
Startups Versus Established Companies
While startups are typically the businesses in most need of a line of credit, it can be challenging to prove to financial institutions that your company manages debt responsibly. That is why Premier Commercial Capital allows an owner or business partner to apply on the companies behalf. As these are individualized and not established through a corporate financial history, these lines of credit typically max out between $25,000 and $50,000. More established companies, alternatively, can expect to qualify for a line of credit of $100,000 to $500,000 if their revenues are between $1 million and $10 million.
If you are interested in pursuing an unsecured line of credit, then contact our offices. One of our representatives will be happy to guide you through the application process.