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Unsecured

Online Lending Platform

Line of Credit

Eligibility

Annual Revenue:

  • Annual revenue / average monthly revenue (e.g. at minimum $100,000 in the past 12 months

Time in Business:

  • Time in business (e.g. at least 6 months)

Other:

  • Have active commercial lease (e.g. physical office / store)
  • Personal credit (e.g. 610+)
  • No open bankruptcies
  • Some industries are restricted (online lists provided by each lender)

Typical Range

$5,000 – $300,000

Features

Payment Schedule:

  • Repayments are automatically deducted from the bank

Timeliness to Fund:

  • Turn around for approvals are within a day typically

Origination & Interaction Model:

  • Online origination and interactions