Credit Line

Conventional credit lines operate as personal draw accounts only for your company. The way it is set up is that once the line is opened, the full line amount is reserved for you to access as you see fit over the course of the draw period. That capital sits with the lender and at any point you can draw up to the amount remaining. This allows for clients to have quick access to large capital whenever it is needed. The goal of this program is to give clients more flexibility when it comes to future plans, as they know that fixed term capital is actively and readily available. The biggest benefit is the fact that interest is only paid on the money that is drawn, not on the full line amount.

Overview

Typical Uses

Rainy-Day Fund

Onboarding New Jobs

Time Sensitive Work

Late Receivables

Long Term Expansion

Large Purchase Orders

Project Bidding

Different Types

Fixed Line Of Credit

Revolving Line Of Credit

Home Equity Line

Draw Down Facility

Document Requirements

Business Formation Documents

Business Tax Returns (last 2 years)

Year To Date P&L Statement

Current Balance Sheet

Cash Flow Statement

Business Bank Statements (last 12)

Owner Financials

Accounts Receivables Report

Proof Of Ownership

Debt Schedule

Terms Structure

Loan Size

Term Length

Closing

Cost

Time To

Closing

Required

Credit

Collateral

Requirements

Repayment

Schedule

Monthly

Revolving: $100k ~ $500k

Fixed: $150k ~ $750k

HELOC & Facility

$250k ~ $5m

Interest

Rate

Revolving: 1 ~ 2 year draw

period. If the line isn't renewed at end of draw period, the remaining balance gets fixed over 3 ~ 5 years.

Fixed: 1 ~ 3 year draw period, then 2 ~ 5 year fixed payback.

Draw Down Facility: 1 ~ 2 year draw period, then 3 ~ 7 year fixed payback.

HELOC: 5 ~ 10 year draw period, then 10 ~ 20 year fixed payback.

Revolving: 10% ~ 14%

Fixed: 8% ~ 14%

Facility: 7.75% ~ 12%

HELOC: 6.75% ~ 10.75%

Revolving:

0% ~ 3%

Fixed:

1% ~ 4%

Draw Down

2% ~ 4%

HELOC:

0% ~ 2%

Revolving: 2 ~ 4 weeks

Fixed: 3 ~ 6 weeks

Draw Down: 2 ~ 6 weeks

HELOC: 2 ~ 8 weeks

700+

(can be a few points lower with strong documents or collateral)

Revolving: Not Required

Fixed: Not Required

Draw Down: Often Required

HELOC: Required

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