At Velocity Funding Solutions, one of our specialties includes unsecured business lines of credit. These lines of credit come with a wide range of options, including credit card solutions for small businesses and large individual lines of credit for amounts up to $500,000. Collateral is not required in order to secure one of our business lines of credit. The amount for which you will qualify depends in part on the size of your business as well as its profitability and credit profile. Many small companies that don’t have a meaningful amount of established revenue can still receive a line of credit in the range of $25,000 to $100,000 as long as one of the business owners has a good credit history.
Well-established businesses that have large revenues in the range of $1,000,000 to $10,000,000 typically qualify for loans in the amount of $100,000 – $500,000. No collateral is required as long as their credit and financials qualify them for a business line of credit.
Because our lines of credit are considered A-Paper products, the corresponding rates are very competitive. Our business credit card solution rates range from 1 – 5% over prime for our more substantial lines of credit, with a 0% introductory rate on our credit card solutions for large and small businesses. Because we don’t offer unsecured “subprime” lines, you are either guaranteed to receive these great rates or you will not receive credit approval.
For your convenience, we offer a quick pre-qualification check with no obligation. This process takes only approximately 10 minutes and involves a quick credit check for a very low cost.