Unsecured Business Lines of Credit for New/Start-Up Businesses
Unsecured Business Lines of Credit are one of JDM Capital Solutions more popular funding programs and are the preferred option for new and start-up businesses. This funding program provides excellent value for the customer and are completely based on personal credit profiles. Clients who present strong and positive credit history (720+ FICO scores with history) can expect to be approved for $50,000 - $150,000 with a portion at 0% APR introductory rates for 12-18 months.
This funding is in the form of business credit card solutions through both major and community banks. We can often help clients take advantage of 0% APR introductory rates for 12-18 months.
Our Unsecured Business Lines of Credit fee is 7.5% - 13.5% of the total amount funded. This is a one time fee, paid after you receive your funds. The fee amount will be determined by personal credit strength and the total amount of funding desired.
Business and personal charge cards are also available with a one time fee of $1,000 per card approved. These cards generally allow between $15,000 - $50,000 of spend, generous rewards and 0% APR with a 30-58 day repayment period. NOTE – Personal charge cards do not report utilization on personal credit profiles and therefore will not negatively impact your personal credit score.
This program can be paired with other Unsecured Funding Programs such as Personal Lines of Credit and Personal and Business Term Loans if greater funding amounts are desired.
If you are interested in this solution but do not currently qualify please inquire about our Personal Credit Restoration solution in order to get qualified.
Unsecured Business Lines of Credit for Established Businesses
Established businesses (12 months or older) with annual revenues of $500,000+ can expect between $150,000 - $500,000 of unsecured funding. This product will be a combination of business credit cards and revolving lines of credit through preferred banking partners. Specific products and approvals will be based on strong personal and business credit profiles, business financials, business location (state), and total amount of funding desired.
Clients who are approved can expect up to $150,000 with a large portion at 0% APR introductory rates for 12-24 months. Additional funding up to $500,000 is generally between 2%-6% over prime for larger, single lines of credit.
Our Unsecured Business Lines of Credit for Established Businesses fee is 5.0% - 8.5% of the total amount funded. This is a one time fee, paid after you receive your funds. The fee amount will be determined by personal credit strength and the total amount of funding desired.
This program can be paired with other Unsecured Funding Programs such as Personal Lines of Credit and Personal and Business Term Loans if greater funding amounts are desired.
DISCLAIMER: The following information regarding interest rates and terms for these solutions are general estimates based on past client data and are subject to change based on the current lending environment. JDM Capital Solutions does not guarantee any specific rate, nor have control of the rate you receive by any direct lender, creditor, bank, or loan originating company.
For new inquiries regarding Business Lines of Credit please call us today at (702) 825-7972 or email info@jdmcapsolutions.com for more info and to schedule a phone consultation.
