Unsecured Business Lines of Credit
Use an Unsecured Business Line of Credit To Expand Your Business
Are you in need of flexible working capital? Then you may benefit from an unsecured business line of credit with Summit Commercial Capital. We know a lump sum doesn’t work for everyone, which is why we provide this unique type of financing to businesses intending to grow.
How Do Unsecured Business Lines of Credit Work?
Unlike a traditional loan, you don’t get the principal all at once. Instead, you can draw on the line any time you want, for the specific amount you want. You can do this until you’ve accessed the total amount of principal available.
What Are the Benefits?
Unsecured business lines of credit offer a variety of benefits:
- No risk to collateral
- No subprime loans
- Competitive rates
Additionally, you aren’t charged interest until the first draw. The interest owed each month is calculated on the current principal used, which means you can manage how much you pay.
Who Can Apply?
We’re happy to work with both startups and established businesses. Startups can qualify for amounts as high as $50,000, while established businesses can qualify for as much as $500,000.
How Can You Schedule a Consultation?
To expand your enterprise, you need the ability to invest in great opportunities before they disappear. Summit Commercial Capital is happy to help companies of all sizes take advantage of these opportunities with an unsecured business line of credit. To learn more, contact us today.