Flexible Access to Capital When You Need It

At Prestigious Capital Group, we offer business lines of credit designed to provide flexible access to funds, helping you manage cash flow, cover unexpected expenses, or seize growth opportunities. Unlike traditional loans, a line of credit allows you to borrow only what you need, when you need it, and repay over time.

How It Works

• Revolving Credit: Access a predetermined credit limit and borrow as needed. As you repay, your available credit replenishes, allowing for continuous use without reapplying.

• Interest on Used Amount: Pay interest only on the funds you draw, not the entire credit limit.

• Flexible Repayment Terms: Repayments are structured to fit your business’s cash flow, with options for weekly or monthly payments.

Benefits

• Quick Access to Funds: Draw funds quickly to address immediate business needs.

• Improved Cash Flow Management: Smooth out cash flow gaps and avoid disruptions.

• Support for Seasonal or Variable Expenses: Ideal for businesses with fluctuating income or seasonal demands.

Eligibility

To qualify for a business line of credit, typical requirements include:

• A minimum monthly revenue (varies by lender).

• A certain credit score (often 600 or higher).

• A minimum period of time in business (commonly 12 months or more).

• A business checking account and other financial documentation.

Specific eligibility criteria may vary by lender and product.

Important Considerations

• Not a Guaranteed Approval: Approval is subject to credit assessment and business evaluation.

• Variable Interest Rates: Rates may fluctuate based on market conditions and your credit profile.

• Fees May Apply: Some lines of credit may have annual fees, maintenance fees, or draw fees.

• Secured vs. Unsecured: Lines of credit can be secured by business assets or unsecured, depending on the lender and creditworthiness.

Apply Today

Ready to explore how a business line of credit can support your growth? Contact us to discuss your options and find the best solution for your needs.