Business Line of Credit by Liberty Capital Quick Guide

A business line of credit (LOC) can be a vital tool for managing cash flow. Liberty is a peace of mind. Line of credit is like having a peace of mind for your business.

Handling unexpected expenses and financing short-term needs, Line of Credit can be a life saver? What if you don’t have a line of credit? What’s your next funding source?

Line of credit seem elusive but most who have lines of credit have it maxed out. Why not get the right loan don’t focus on the product. Diversifying all your funding needs is the best route. Don’t do it alone. We’re a financial services afterall.

In this page, we’ll cover a lot about Line of Credit.

Revolving Business Line of Credit Qualification Criteria:

Renewable Every Twelve Months

1. Interest-only, monthly payments

a. Pricing: variable rate based on SOFR, as low as SOFR + 8.99%

b. Options at maturity

c. New LOC that extends interest-only period for 12 months

d. New 3-5 year term loan to refinance principal

e. Fully pay off

f. Fees to borrower – 6.0% origination fee (based on approved line amount)

g. No fees for subsequent draws on the line

2. Underwriting:

a. Min $25K bank deposit, no NSF, no prior default,

b. Min 12-month time in business

c. Min 650 FICO

3. Revolving structure for flexibility:

a. Pay back

b. Drew Any Time

c. Reduce Balance

d. Full Online Access for Control

4. Fully funded at origination (based on approved line amount)

5. Renewable every 12 months

Benefits of working with Liberty Capital.

Liberty Capital offers a practical solution for small business owners looking to manage costs, access capital through various business loans including line of credit.

Business funding can be a complicated process, so you must not do it alone. Knowing what product is the key. Going into the wrong product could put you on downward spiral.

After 20 years helping business like your is what keep u knows how to package the best approval will only help get you the right financing.

We are on your side, your best support for your business’s growth and financial health. Contact Liberty Capital today to explore the best business term loans for your business so you can expand and grow with a peace of mind.

Other Financing Programs Offered By Liberty Capital:

Liberty Capital offers a variety of financing programs to suit different needs, including:

Lease-to-Own Programs: Allows businesses to eventually own the equipment after fulfilling lease terms.
EQUIPMENT FINANCE AGREEMENT or EQUIPMENT LOAN: Traditional financing with fixed monthly payments and terms up to several years.
Working Capital Loans: Short-term loans to cover operational costs or down payments on equipment.
Seasonal Payment Plans: Customized payment schedules to match the seasonal revenue patterns of your business.
Term Loans: Term loans allows you to have a predictable loan term to 3-5 years.
Factoring: Capital upfront from your account receivable to cover operational costs or down payments on equipment.
Commercial Loan: Including SBA 504, we are a commercial loan broker for 4+ unit commercial property needing commercial loans purchase, refi, ground up funding or condo conversation, bridge loans on commercial property, condos and apartments.
Merchant Cash Advance: Most for unbankable type of borrowers. Pure based on purchase of future revenue. Revenue based loan. Revenue purchase agreement funding. Or, Convenience! You pay more for same Coke at 7/11 than from grocery stores. You’re paying for the convenience. Merchant cash advance is like paying for the convenience of having access to cash fast with very little requirements to get funded, repeatedly without any hassle of knowing whether you will get funded or not. So, as a business owner you have the leverage. IF you don’t like you current lender you always have options. Prior to Merchant cash advance there was no options. No only no options product didn’t exist.

What do we need?

To get a free quick no obligation loan offer analysis, we would need the following: but subject to additional info depending on the loan type, amount and your credit profile.

ONLINE APPLICATION
Last Years Tax returns
Current financial statements
Recent bank statements

Once we have these we’ll go down the waterfall from SBA, Line of Credit, Term Loan and Equipment FInancing preapproval process. Allowing you to have access to multiple loans with one application.

We look forward to speaking with you.

Liberty Capital is committed to helping small business owners acquire the heavy equipment they need to thrive. So, we make it simple for you to apply using our Simple Application

Join the thousands of businesses that have trusted Liberty Capital Group with their financing needs. Let us help you achieve your business goals and take your business to new heights.