Your Business Can Benefit From a Credit Card
Do you have a credit card for your business? Whether you are just starting your company or you have been around for years, you are likely to benefit from unsecured business lines of credit.
What You Need
To qualify for a business credit card, you must fit a few qualifications:
- Have a good personal credit profile
- Have a good business credit profile for an established company
- Have a profitable business
One of the best things about this type of financing is that you do not need to put up your commercial property or anything else as collateral.
Businesses That Benefit
Startup businesses that need unsecured lines of credit may qualify even if they haven’t yet established a revenue. However, the partner or business owner must have a qualifying credit score. Established businesses often qualify as long as they prove profitability. Depending on the size of your company and how long it has been in operation, you can receive anywhere from $20,000 to $500,000. Credit cards are considered revolving credit, which means you can use the same money as soon as you pay it back, providing you with “endless” funds as long as you keep up with your bills.
Contact Us Now
To learn more about unsecured business lines of credit, get in touch with the experts at First Envision Commercial Capital Partners.