Business Line of Credit

The convenient method to get the emergency cash you need whenever you need it.

Benefits of a SmartCap Business Line of Credit

Imagine having a way for your company to get a line of credit anytime you need it, for whatever you need the money for, without having to go through the trouble and expense of asking for loans repeatedly. That is the beauty of a SmartCap Business Line of Credit, one of the best financial resources accessible to small businesses.

Rapid approvals

Within 2 hours!

Quick money

Receive the money you require immediately.

No need for a personal guarantee

Lines of credit up to $250,000.

With no waste

You only pay interest on the money you borrow.

Tap your line repeatedly

When you promptly settle your balance, those funds are available again.

How It Works

Nearly all small enterprises encounter circumstances when they require access to cash. Perhaps it’s a slow month, and cash flow isn’t what it should be. You could need to reorder stock due to unanticipated demand or unanticipated expenses. Or perhaps a brand-new opportunity presents itself that you simply cannot afford to miss. You’ll be ready for all of these circumstances if you create a Business Line of Credit with SmartCap.

If your application for a business line of credit is granted, you will have a credit line opened up to $250,000 at that time. Your credit line will be available for withdrawal at any moment. In contrast to a traditional small business loan, where you are required to make monthly payments that include interest even if you haven’t utilized your borrowed funds yet, you only pay interest on the money you’ve actually borrowed. You must make the minimum payments on any balance you carry.

You can get “revolving” credit on a continuing basis

The fact that a SmartCap Business Line of Credit “revolves” is its best feature. That implies you can use your complete credit line once more as long as you pay your monthly bills on time and settle your amount by the payback term. Most of the time, you may pay off your balance early without incurring penalties, which lowers the total amount of interest you pay.

It’s similar to a reoccurring loan that you never have to reapply for, giving you the assurance that you’ll be prepared if the unexpected occurs!