What is an Unsecured Business Line of Credit?
Unsecured Business Lines of Credit depend on personal and business credit history and requires that the business has been operational for at least two years. They are available for individual business owners with credit scores of 680 and above. Amounts can range from $50,000 to $400,000 and the pledge of personal residence or business assets is not required. Full documentation such as tax returns and financials is usually not required. These lines of credit extend for four to seven years and are provided at rates between Prime and Prime +5.
