Being a small business owner means being able to adapt to change at the drop of a hat. Business Lines of Credit are the most flexible financing options for businesses today. They allow business owners to stay in front of the competition by always having cash at their disposal.
At LexaFund, a business is approved for a maximum amount of revolving credit and can draw down any amount, at any time, as long as it does not surpass the maximum approval amount. With LexaFund, there are no restrictions around when and how you use your money.
Business Lines of Credit
- Quick and Easy application process
- Approvals up to $150,000
- Terms ranging between 6 and 18 Months
- Rates between 5.99 – 18.99%
- Line increase reviews every 60 days
- No Pre-Payment Penalties
- Approval within 24 to 48 hours
What Do I Need to Qualify
- 6+ Months in business
- 600+ Credit Score
- $150,000+ in annual revenue
- All industries are welcome
* Please note: Credit approval, requirements, and actual terms (including actual loan amount and rate), are subject to LexaFund and it’s affiliates credit standards and may vary by applicant
Benefits of a LexaFund Line of Credit
- Seamless online application process
- Available credit up to $150,000
- APR Between 5.99% and 18.99%
- Capital is available when you need it
- Only pay interest on money you draw off the line of credit
- No unused line fees
- No Pre-Payment Penalty
- Potential line increases available every 8 weeks
- Weekly and Monthly payment options
- No restrictions on how you use the money
Great for Businesses
- Looking to take on new projects
- Looking to finance their outstanding receivable
- Who have short term financing needs
- Experiencing a cash crunch or an unforeseen problem
- Looking to complete construction jobs
- Needing to make payroll
Average Customer Profile
- Annual Revenue: $180,000+
- Credit Score: 630
- Time in business: 1.5 Years
Contact Us
We strive to offer small business loans with favorable terms that meet the specific needs of every borrower. In addition, when you contact us, you will get a dedicated loan expert who is knowledgeable about your industry and who will offer you a one-on-one personalized service. There is no obligation to get started. Do not hesitate; apply now with the most reliable small business lender out there.
