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$100k-$500k Unsecured Business Line of Credit-call 1-800-928-6154 http://www.cohencommercialequity.com/lineofcredit.html Looking for an unsecured business line of credit? Cohen Commercial Equity can secure a unsecured business line of credit quickly and get the funds you need, often within 2 weeks. So apply online at www.cohencommercialequity.com and one of our knowledgeable consulting professionals will be in touch with you shortly. · Rates are Prime + 1-3% Average · Payments Range from Interest Only to 2.5% Principal Reduction of Outstanding Balance · Get up to $500,000 · No Income Verification Needed · Only pay on the amount of the money used, not on the entire line of credit · We fund when others don't We offer ways to get unsecured business lines of credit and new small business loans that anyone can qualify for. http://www.cohencommercialequity.com/lineofcredit.html www.cohencommercialequity.com or call 1-800-928-6154Our small business funding sources and services include: · Small Business Loans · Small Business Lines of Credit · Small Business Credit Cards • Equipment Leasing · Small Business Incorporation Services · Small Business Tax Consulting CALL 1-800-928-6154 today Our lines of credit do not require collateral. Your assets will not be pledged and there will be no liens or UCC fillings against them. We focus on your credit history and business financials (if available) to make our decisions. You'll need the following to qualify · Two or more years in business· Personal credit score of 650 or higher· Clean credit history (no derogatories, bankruptciesSmall Business Loans For Up To $500,000 Must have been in business at least 2 years. Must have at least a 680 credit score. Check your score. Get a Quick No Obligation Quote. Approval in as little as 24 hours, Funding in as little as 7 days. Fundamentally different from typical loans Unsecured Business Credit Lines are a unique financing option for those of you who are looking for less than $500,000 in financing. For those that qualify, you will have access to a bank line of credit, completely unsecured, of up to $500k. To pre-qualify, you'll need: Time in Business: 2 years or more (though there is a possibility to get up to $150k for those that haven't been in business for 2 years) Credit Score: 680+ (however, if you have a credit score of 600+, we could probably help improve your credit so that you'd qualify) Annual Revenues: At least $100k Business History: No previous bankruptcies If you meet the above criteria, you could qualify for: Amount: Up to $500k (No doc) or up to $1M (full doc) Rate: Prime to Prime + 4% Other: There are no restrictions on how you use your unsecured business line of credit, you only pay interest on the amount of capital used, and none of your personal property is at risk. Unsecured credit lines entail no personal risk Our Lines of Credit require No Collateral, so you can rest assured your Assets will not be pledged and there will be no Liens or UCC Fillings against them. Our Lenders focus on your Credit History and (if available) Business Financials to make their decisions. The stronger your Credit History the less documentation you will need to provide. Get Approved in as Little as 7-10 days With our prompt process, our clients typically find out the loan amount they are approved for within 7-10 business days. Call 1-800-928-6154 or visit us online www.cohencommercialequity.com FAQs What are the basic requirements to obtain a line of credit?Small business owners should be in business at least two years, have revenues annually of $100,000 or more, and credit (FICO) scores above 680. Please note: all shareholders with over 20% ownership need to apply together. How do I get the best rate or additional funds? To obtain the best rates, banks require two years of tax returns both personally and from the business. By providing tax information financial institutions are able to make a more informed decision regarding your business and typically provide the best possible rate. You may still obtain financing by stating your income rather than submitting tax returns, but the terms of your loan will be less favorable. Why can Cohencommercial get me better rates and greater funding than I could on my own? Cohen Commercial Equity works with a large network of national and local banks to help you obtain rates and funding that meet your unique business needs. Talking to banks and negotiating rates is our specialty. We talk to banks daily about current rates and promotions to ensure that our clients get the best possible rate and maximum financing. What is the fastest way to obtain a line of credit? The quickest way to achieve your line of credit is to promptly complete and return the forms that we provide you. During the application process we will provide you with forms specific to the type of loan you are requesting. The faster we receive the completed forms, the quicker you can receive your capital. Does an unsecured line of credit affect my personal credit report? Your unsecured line of credit is not reported on your personal credit unless you default on the line of credit. What is the interest rate for an unsecured line of credit? The interest rate varies depending on your credit situation and the lender you elect to use. Interest rates for unsecured lines of credit typically fall between prime minus one (-1%) to prime plus six (6%). What are the terms of an unsecured line of credit? Terms vary depending on the lender. Our loan consultant will work with you to help find an unsecured line of credit with guidelines that meet your needs. Can I still apply if I have derogatory remarks on my credit? You may still qualify if your credit score is above 680 and you have not had: a bankruptcy within the last 10 years, unpaid collections reported on your credit, tax liens, repossessions, property liens, or serious late payments in the last 7 years. Please understand that if you do qualify you may not be eligible for the best rates or maximum loan amount. I have derogatory marks on my credit, but I have a co-signer with good credit, may I still apply? Yes. Depending on the time horizon since the derogatory marks were put on your report, they may not impact our ability to get you credit. Do you pull my credit? Based on your conversation with an Cohen Commercial loan consultant we will determine the loan programs you may qualify for. The loan consultant will then pull and analyze your credit report to determine your credit worthiness. If you have a copy of a credit report that was pulled within the last 60 days we will ask for a copy and in most cases may not need to re-pull your credit. How long does the approval process take? It typically takes two to four weeks from the time you submit your application until you receive your funds. Most banks take three business days to a week to notify us if you have been approved after application submission. After approval, the bank will require additional paperwork to set up the new account. Your unsecured line will be available within roughly a week of setting up the new account. Am I obligated to accept the loan if I do not agree with the terms? Once approved, the lender will clearly state the terms and interest rates associated with the loan prior to having you close on your specific loan package. Our consulting fee is due on all lines offered. If Cohen Commercial Equity pre-approves me, does that mean I am actually approved with a lender and can be assured of being funded? Sorry, but the short answer is no. A pre-approval from Cohen Commercial Equity means that you have met the qualification threshold that our lenders require to be considered for a Business Line of Credit. Furthermore, a pre-approval from www.CohenCommercialequity.com indicates that we are willing to work with you on completing a full business client package that typically takes our processing team several hours to complete. The business client package will include information on your overall personal and business credit worthiness. The processing team will analyze the Business Profile data you have provided and create a profile summary to ensure that the ratios and coverage metrics of your specific business profile are in alignment with lenders guidelines. If your completed business client profile looks favorable, we will move forward with your submission and work with you to get the lines of credit you are looking to obtain. http://www.cohencommercialequity.com/lineofcredit.html • Location: Nationwide |
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