No Collateral Required
Up to $150,000 Revolving Credit
Funding For Any Business Need
APPLY WITH NO CREDIT CHECK 0% INTEREST PROMO & MORE:
UP TO $150,000 FOR ANY PURPOSE
UNSECURED REVOLVING CREDIT LINE
CAN INCREASE CREDIT LIMIT
PAY INTEREST ONLY ON CREDIT USED
PAYMENTS BASED ON CREDIT USED
NO COLLATERAL
NO INCOME VERIFICATION
NO MAJOR PAPERWORK
NO MINIMUM YEARS IN BUSINESS
NO APPLICATION FEE
NO CLOSING COSTS
NO PREPAYMENT PENALTY
DOES NOT REPORT TO PERSONAL CREDIT
HELPS ESTABLISH BUSINESS CREDIT
INTEREST IS BUSINESS EXPENSE
No Cost Consultation
Determine Funding
Complete Funding Agreement
How much funding can I receive?
The Unsecured Business Credit Program helps businesses receive up to $150,000 in one or multiple unsecured business lines of credit. The funds are generally revolving trade lines that can be used for any business purpose.
What is an unsecured business line of credit?
An unsecured business line of credit (‘UBLOC’) is a credit line that isn't secured by the lender. In contrast, a secured credit line is secured by the lender in the form of a lien against an asset belonging to the borrower. This asset becomes collateral that can be seized or liquidated by the lender in the event of default.
Can you help any type of business?
Yes. We can help a variety of businesses, including real estate investors and startups. Our program requires no financial statements, minimum years in business or income verification. In case you have a credit problem, we’ll gladly refer you to a credit restoration specialist, who can assist you.
Can this affect my personal credit?
Demonstrating high credit utilization can cause lenders to deny you business credit or restrict the amount of funding. But, we use a personal and business credit file separation strategy to ensure that your business trade lines aren't reported to TransUnion, Experian or Equifax. Instead, the trade lines will appropriately report on your business credit file. As a result, your personal credit utilization isn’t affected, plus your new business credit will help improve your commercial credit rating.
Does your program help build commercial credit?
Yes. We work with lenders that report the creditworthiness of a business to D&B (Dun & Bradstreet ), a company which provides information on commercial credit. We also have a Commercial Credit Program that helps businesses build trust and negotiate great financing terms with banks and vendors. The program helps setup a D&B Credit Rating and Paydex Score to help a business qualify for up to $100,000 in vendor and supplier credit.
What is the D&B Credit Rating?
The D&B Credit Rating consists of a series of Predictive Scores and Performance-based scores, which identify a company's size, financial strength and creditworthiness. The value of the score is identified by a five character alphanumerical code. The first two numbers identify the overall financial strength followed by two numbers that identify the credit rating.
What is the Predictive Score?
D&B has the following three Predictive Scores, which forecast how a business will perform over the next 12 months:
1. Delinquency Predictor Score: This score predicts whether your company will pay on time.
2. Financial Stress Score: This score predicts the chances that your company will experience financial distress.
3. Supplier Evaluation Risk Rating Score: This score predicts whether your company will stop delivering its goods and services.
What is the Performance-based Score?
The Performance-based Score illustrates historical information about your company and consists of the Paydex Score described above and the D&B Rating Score, which indicates your company’s net worth and ranges based on financial statements as well as your company’s creditworthiness.
What is a Paydex Score?
The Paydex Score is a score, which indicates how a company pays its bills based on trade lines reported to Dun and Bradstreet. The actual value of the score can affect a company’s insurance premiums, interest rates and and its invoicing and delivery of goods and services by vendors and suppliers. The score ranges from 0 to 100. A higher score means a greater chance that a business will meet its financial obligations.
How can I get a Paydex Score?
In order to get a Paydex Score, your business must have a Federal Employer Tax ID number (FEIN) and register for a D-U-N-S Number with Dun & Bradstreet. Just like a social security number, the D-U-N-S number identifies a company’s payment history. Secondly, your must have three trade (‘credit’) references before a Paydex Score is calculated on your business credit file.
How can I build trade references?
Finding the right trade references can be challenging since many vendors and suppliers do not report their transactions to D&B. But, our knowledgeable consultants can help you find the right trade references. Additionally, the revolving trade line(s) that you can receive through the Unsecured Business Credit program can count as a trade reference after a consistent six month payment history.
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