Unsecured Business Lines of Credit Get You Money Without Collateral
It’s natural to expect some risk when running a business, but sometimes you want to be able to apply for financial help without risking the loss of your property. At EDM Capital, we supply businesses with unsecured business lines of credit to get access to quick funds without risk of losing property. If your business sees revenue of $1,000,000 to $10,000,000, you could access $100,000 to $500,000 in business lines of credit.
Secured vs. Unsecured
Secured lines of credit use collateral, such as a house, car or bank account, in case you do not pay back your debt as contracted. Unsecured business lines of credit do not require you to post collateral to access money. This usually means you have a lower spending limit and higher interest rate, but your property is not on the line.
What’s the Catch?
Like any other line of credit, you will be assigned an interest rate if you qualify for our program. We offer only prime rates that range anywhere from an introductory 0% all the way up to 5% above prime. It really boils down to the size of the line of credit. However, we only offer the lines of credit if you qualify for these good rates. If the rate for which you qualify is in a subprime category, we will not approve you.
We Want to Work With You
To learn more about unsecured or secured business lines of credit, contact EDM Capital today. We’ll be excited to help you out with a 10-minute no-obligation pre-qualification. The only cost to you is a $45 credit check. Contact us right away.