Approved Amount

• Credit Limit: Typically ranges from $10,000 to $5,000,000, depending on your business’s creditworthiness and financial health.

• Amount Based On: Approval amount is determined by factors such as business revenue, credit score, and overall financial stability.

• No Collateral: Unsecured credit option, meaning no collateral is required for approval.

• Access Flexibility: You can access your full approved credit limit for purchases, balance transfers, or cash withdrawals.

Business Credit Card

Our Business Credit Card is designed to provide flexible access to funds for everyday business expenses, offering a seamless way to manage cash flow. Enjoy 0% interest for the first 6 to 24 months, based on your business profile, allowing you to save on costs during the introductory period. With higher credit limits based on your business’s creditworthiness, you can easily cover larger or unexpected expenses. The card comes with no fees on balance transfers or cash withdrawals, giving you greater flexibility in managing your finances without additional charges.

Business Credit Card Terms

• Generally 12 to 24 months, depending on the lender and business needs.

• Access to Funds: Funds can be accessed via online transfers, checks, or a credit card linked to the line of credit.

• Collateral: Unsecured or secured options available, depending on the loan size and lender requirements.

• No Early Repayment Penalties: Businesses can repay early without facing penalties, and may save on interest.

Interest Rates

• Introductory Offer: 0% interest for the first 6 to 24 months, based on your business profile and lender terms.

• Standard Interest Rates: After the introductory period, fixed interest rates typically range from 6% to 24%, depending on:

  • Your business creditworthiness and financial health

  • The loan size and repayment term

  • Whether the line of credit is secured or unsecured

• No Variable Rates: The interest rate remains fixed for the duration of the loan, offering predictable repayments.

• Zero Fees: No fees on balance transfers or cash withdrawals, providing greater flexibility without additional charges.

• Repayment Flexibility: Pay only for the amount you borrow, with interest charged only on the used credit.

• Fixed Monthly Payments: Fixed monthly payments based on the amount borrowed, making it easier to manage cash flow.

• Repayment Period: Typically ranges from 12 to 24 months, with the option to repay early without penalty.

• Introductory Period: During the 0% interest period (6 to 24 months), no payments on interest are required, but principal payments may be due.

• Revolving Credit: Once repayments are made, your credit becomes available again for future borrowing without needing to reapply.

Repayment

Eligibility

• Working Capital: To cover day-to-day operational expenses and manage cash flow gaps.

• Inventory Purchases: To stock up on inventory or raw materials for business operations.

• Equipment Financing: To purchase or upgrade equipment, machinery, or technology.

• Business Expansion: To support growth initiatives, such as opening new locations or launching new products.

• Debt Consolidation: To consolidate higher-interest debt into a single, more manageable payment.

• Marketing and Advertising: To fund marketing campaigns, ads, and promotional efforts to attract more customers.

• Emergency Expenses: To cover unexpected costs, such as urgent repairs or unforeseen operational needs.

How Business Credit Card Can be used for

• Business Duration: Your business should have been operating for at least 6 months to 1 year.

• Credit Score: A credit score of 600 or higher is typically required. Higher scores may qualify for better terms.

• Monthly Revenue: A consistent monthly revenue, generally around $10,000 to $15,000 in sales.

• No Collateral: Unsecured or secured options may be available, depending on the business’s financials and the amount requested.

• Debt-to-Income Ratio: A manageable level of debt is preferred for approval.