No Collateral, No Problem With Unsecured Business Lines of Credit
There are many risks involved with opening up a business and establishing a business line of credit. Often, this means putting up some sort of collateral, such as a property or vehicle, in case your financing fails for some reason. At Customer Credit Finance, we understand that you may not always wish to post property or vehicles as collateral. This is why we also offer unsecured business lines of credit.
To Collateral or Not to Collateral
Unsecured business lines of credit have the advantage of not requiring collateral to establish the credit line. This usually means higher rates and lower amounts, but it’s still a great option when you need a line of credit and do not have any collateral to post. Startup businesses with good credit files may be able to receive up to $100,000, and established businesses could see up to $500,000 for individual lines of credit.
We know that you want to avoid ridiculously high rates with your credit line, which is why we only offer this option with good rates. We only approve you if you qualify for business credit card solutions at 1-5% over the current prime rate. It takes only 10 minutes to complete our No-Obligation Pre-Qualification and a $45 credit check.
Open Your Credit Line Today
If you’re looking for a way to open a business line of credit without posting collateral, ask about unsecured business lines of credit from Customer Credit Finance. We’ll do what we can to help you.