The Line of Credit that will grow your business
A business line of credit is a flexible revolving loan that you can apply for with us! Capitalize Loans is a premier lender dedicated to helping you acquire and maintain your business. Together, we will agree to the maximum amount of capital and you will be able to access these funds at your disposal. If you are a new business, your credit line can be used for construction on your store or office, purchasing new equipment, payroll, and marketing. That is why applying for a credit line is very beneficial and there are a variety of benefits in acquiring one for your business.
How Much Do You Qualify For?
How Lines of Credit works
A credit line offers borrowers the ability to access a set amount of funds for future borrowing needs. Eligibility for a credit line is determined by factors such as creditworthiness, income, and ability to repay the loan. Unlike a traditional loan, where the full amount is received upfront and monthly repayments are required, a line of credit allows the borrower to withdraw funds as needed during the draw period. Interest on a line of credit only accrues when funds are withdrawn and repayment begins once the draw period ends, with the borrower unable to withdraw further funds from the line of credit.
Apply Online
Input basic information about your business and get approved FAST
Draw funds
Use the online dashboard to request funds. You will get cash in your bank account within hours.
Make repayments
Payback your loans with each draw, in payments over 6 or 12 months
Access more funds
As you pay off your balance, your business line of credit gets automatically replenished.
Common Uses For Lines of credit
As we stated in the first paragraph, lines of credit are flexible and in the case of revolving credit it can be acquired repeatedly as the payment is paid down. In this case, a business line of credit is an appropriate way to fund emergency expenses, help consolidate debt, or even cover expenses in a project to fill a gap in short-term income. The common uses for lines of credit are as follows:
Emergencies
It can assist borrowers with covering sudden costs and crises while keeping steady over everyday costs.
Debt Consolidation
A line of credit can be used to pay off credit cards, debt or any other outstanding balances.
Long Term Projects
Starting project can bring unexpected expenses, mostly working with a team. We can help fund the project, and you'll pay less interest over time with the project than you would with a personal loan because you only pay what you withdraw.
Cash Flow Management
Capitalize can give your business spending power for any need. Businesses that experience fluctuation in cash flow and who need starting capital can benefit from a line of credit.