PAY ONLY FOR THE FUNDS USED WITH THIS REVOLVING LINE OF CREDIT.
We offer Credit Lines, Term Loans SBA Loans and More.
Step 1:
Easy Online Application
Fill out our online application form and we will have an answer for you in 24 hours or less.
Step 2:
Receive an Offer
Define what you are agreeing to: Rates, terms, etc.
Step 3:
Accept Your Loan
You’ll only pay for the funds you use
Business lines of credit made easy
With an Unsecured Business Line of Credit (LOC) from Enterprise Associates, you can access the capital you need at any time.
If you have been in business for at least 2 years, you can get approved for up to $55,000.
The best part is that you will only pay interest on the amount you draw, not on the entire loan amount. We have no pre-payment penalties. Pay early and save on interest. Expand your business today with Enterprise Associates’s instant line of credit.
- Loan amounts: $5,000 to $55,000
- Terms: 6, 9, and 12 months
- Minimum credit score: 550
- Pay only for the money you use
- Fast and easy online application
- 24 Hour approval and same day funding
- Program available in all 50 states
- Early payment discounts (save on interest)
- Interest Rates starting at 15%
**(Your final interest rate may vary based on the application)
What is a: Business Line of Credit?
A line of credit (LOC) is a flexible revolving loan, in which a lender, usually a bank or a private lender, and a borrower, agree to a maximum amount of capital that the borrower can withdraw at any time. The borrower has these funds at his or her disposal, as long as he or she doesn’t exceed the maximum amount established in the agreement and makes payments on time.
The balance in a line of credit is revolving, meaning that the borrowers can use the funds, repay, and then spend again in a revolving cycle. In this way, lines of credit are very similar to business credit cards.
Business owners will typically use a line of credit to remodel or expand their store/offices, buy new tools or equipment, meet payroll, purchase inventory, launch a marketing campaign, or cover any unexpected expenses.
An essential advantage of Enterprise Associates’s line of credit for business owners is that it provides more flexibility than a regular business loan.
Requirements
Time in Business: 2 years min.
Monthly Revenue: $20K avg.
Business Bank Statements: 4 months
Overdrafts: Less than 5 negative days per month
Minimum Credit Score: 550
Application Process
Fill out the online application and tell us about your business
We review your business’ revenue and documentation
If your application gets is approved…
The funds are deposited into your account within 24 hours
