Business line of credit

Only pay for what you borrow

While you’re still growing your business, why not get ahead of the game and be prepared for any opportunities or issues that may arise? This can be done by setting up a Line of Credit with Point Financial Solutions. Our business line of credit option is available for up to $750,000. No collateral required, approvals are fast and easy, and access funds immediately with no prepayment penalty.

Even without an immediate need, business owners are establishing lines of credit now. Being prepared is smart. Business owners know opportunities and/or issues can arise quickly and having committed working capital at the ready allows them to be prepared for the unexpected!

What is a Business Line of Credit?

A line of credit is an approved amount of committed working capital extended to small business owners allowing them to draw upon when the need arises. This type of financing allows merchants to pull funds from their line as needed and only pay interest on the money they take. Business owners have 24-hour access to 5 separate loan drafts over a 6 month period. You can even request funds online!

 line of credit advantages

 

Loan amounts are available from $5,000 to $750,000 with no collateral required with repayment terms up to 36 months.

 

Quick online approvals and fundings in less than a week. Line drafts are normally processed in 24 hours.

 

Lock in your best rate for the next 6 months with a minimum first draft of only $10,000.

 

Combine our Business Line of Credit with our Flex Pay Loan and you can defer up to 50% of the principal into the future for more affordable payments now, and pay it back when the time is right.

Use the funds as needed and make low, fixed weekly payments. Our line of credit is a business loan not a cash advance, so repayment is not tied to your daily credit card receipts.

The interest you pay is tax deductible, further lowering your cost of funds, and early payoff options are available.

See if its a right fit for your business

 
Man checking his watch on the computer

Low fixed payments

Get approved for a Line of Credit and enjoy 24-hour access to loan amounts from $5,000 to $750,000. It’s quick, easy and low doc.

Girl and man on the computer together

Unsecured terms

Being prepared is easy with no need for collateral, minimum bank balances or typical mandatory annual paydown requirements.

Business man giving a thumbs up

Keeps you in control

Take one draft or all five. Consolidate your payments, refinance and up your availability, or extend the line after six months.

 

common uses for our line of credit

 

At point financial solutions, we understand how quickly the business landscape can change. As such, our line of credit can be a powerful tool for small business owners to finance a wide variety of growth opportunities and/or unexpected expenses. Having access to committed working capital allows them to be ready for anything. There are many reasons A small business owner might need a line of credit, here are just a few:

 
 

  • Purchase new equipment

  • Stock up on inventory

  • Expansion projects

  • Renovations and remodels

  • Opening another location

  • Paying for franchise obligations

  • Obtaining a liquor license

  • Buying out a business partner

  • Adding take-out and catering services

  • Adding an outdoor patio

  • Upgrading your POS system

  • Paying your business taxes

  • Cash flow stabilization or seasonality

  • Paying off/consolidating more expensive debt