BUSINESS LINE OF CREDIT

Get creative with a business line of credit

We don’t like restrictions at West Point Advance, they’re no fun at all! So we can approve a business for a maximum amount of revolving credit and you can draw down any amount, and at any time, as long as it doesn’t exceed the amount approved. We think this deserves a little whoop! Don’t you?

Qualifying And Applying For Your Line Of Credit Is Pretty Easy.

To get your business line of credit, you’ll typically need to be in business at least 6 months and have $50,000 or more in annual revenue.

You’ll also need a credit score of 580 or higher. Your lender may ask you to make a personal guarantee, which is an agreement that the lender may be able to levy personal assets such as a car, house, or bank account if you default on the line of credit.

Applying is easy: simply fill out our 15-minute application, then compare business line of credit options from 75+ lenders.

You Pay Interest On The Funds You Use - Not The Whole Thing.

One of the coolest things about a business line of credit is that you only pay interest on the funds you use, not the full amount. For example, if you’re approved for a $40,000 business line of credit and you use $20,000 for office upgrades, you’ll just pay interest on that $20,000. This could save you a bundle of interest. See, pretty cool, huh?