Meet Your Small Business Needs With Our Unsecured Business Lines of Credit
Small businesses have a huge challenge in front of them when it comes to securing a line of credit. Many lending institutions will not issue credit to a start-up business unless they have sufficient collateral. Here at Summit Capital Financing, we do our part to help small businesses succeed by offering unsecured business lines of credit that are based on credit rating and business profitability rather than collateral.
Many small businesses qualify for up to $100,000 if their financials are good, even if they do not have a lot of collateral. Larger businesses that have good financials can often be approved for a loan amount up to $500,000. Our larger unsecured loans do require businesses to have a large annual revenue between $1,000,000 and $10,000,000 in order to qualify. Due to the fact that these loan products do not require collateral, they are ideal options for start-up companies.
Our unsecured business lines of credit include the following highlights: