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Business Line of Credit

Business Line of Credit

A line of credit typically provides revolving access to credit. The main advantage is that you only have to apply once for funds. You can draw funds whenever you need, up to your credit limit, and only pay interest on what you borrow each time. Then once paid, funds become available for you to use again. This is a great option for businesses who want to stabilize their cash flow or those who are in need of short-term working capital.
 
NOTE: Borrower MUST have previously funded a RBF with Momentum Capital.
 

Loan Size

$25K – $250K

Term Length

12 months

Interest Rate

WSJ Prime +1%

Payment Frequency

Monthly (Interest Only)