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Revolving Line of Credit
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Revolving Line of Credit
No Cost     No Obligation     24 Hour Approvals
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Secured Revolving Line of Credit

Our Revolving Line of Credit is designed specifically for the Business to Business (or B2B) space. The loans provided through the Revolving Line of Credit range from $250,000 to $10,000,000.

Are You Eligible for our Revolving Line of Credit Loan Programs?

2 years

1m - 50m
250k 50m
rates

Minimum Qualifications. Less paperwork than banks, credit unions, and traditional financial institutions. Our goal is to get you approved so your business can grow and expand with a revolving line of credit agreement.

This is a working capital financing product for the small to midsize business market. It’s designed to meet the needs of a currently underserved sector of the business loan market. This business loan fills a gap in the market by providing a true revolving line of credit for you to grow your business vs. traditional loans.

What is a Revolving Line of Credit for Business?

A revolving line of credit is a source of funds that can be drawn from as needed, up to a certain amount, and usually for a specified amount of time. Revolving credit examples include credit cards and Home Equity Lines of Credit (HELOC), where you are given a maximum amount to draw from and you make payments based on what you spend.

For many businesses, acquiring a small business loan from a traditional financial lending institution can be challenging, at best. Unfortunately, most business owners are unable to apply to go to the bank for a small business loan. The biggest challenge is that banks, unfortunately, require a large amount of paperwork.

This paperwork typically includes financial documents like Profit and Loss statements and Balance Sheets. It also requires the prior 3 years of personal tax returns, business tax returns, and personal guarantees. Lastly, all banks want you to provide collateral and have excellent credit, with a high personal credit score, usually above 720.

Sunwise Capital’s Revolving Line of Credit -Revolving Line of Credit Requirements

  • 12-month revolving term credit lines
  • Interest rates from 7.99% to 18.99%.
  • Businesses annual revenue of $1,000,000 to $50,000,000
  • Businesses for more than 2 years may qualify
  • Funding ranges from 4 to 7 days

This loan will appeal to a wide variety of industries, including:

business line of credit

For many businesses, acquiring a small business loan from a traditional financial lending institution can challenging, at best. Unfortunately, most business owners are unable to apply to go to the bank for a small business loan. The biggest challenge is that banks, unfortunately, require a large amount of paperwork.

This paperwork typically includes financials like Profit and Loss statements and Balance Sheet. It also requires the prior 3 years of personal tax returns, business tax returns, and personal
guarantees. Last all banks want you to provide collateral and have excellent credit with a high personal credit score, usually above 720.

What are the Revolving Line of Credit Advantages?

Many entrepreneurs and small- to medium-sized business owners cannot jump over these hurdles. The result is the business owners find it hard to find new or innovative ways to fund their loan requests for working capital, loans, and lines—to expand their businesses or better manage their cash flow.

The unique advantage to this revolving line of credit is that, unlike many other lenders, Sunwise Capital does not notify your customers. For many small companies trying to grow, the biggest negative about factoring is that the business owner’s customers are notified when a factor (or lender) takes over the receivables.

The negative perception is that customers are no longer paying the business, and instead, they believe they are paying the lender or factoring company. This common fallacy may concern the customers and they may start to think your business may have cash flow trouble. In most business loan instances, this is untrue.

So, is a revolving line of credit good? Yes! Since we do not notify your customers, your business gets the funds it needs without giving the customer any need for unnecessary concern.
Businesses that take advantage of this offering will have full access to a self-service client portal as well as on-demand liquidity (think online banking).

In most business loan instances, this is untrue. Since we do not notify your customers, your business gets the funds it needs without giving the customer any need for unnecessary concern.

Businesses that take advantage of this offering will have full access to a self-service client portal as well as on-demand liquidity (think online banking). We simply use your business’ accounts receivables as collateral (this makes them secured loans). The result is the time from application to funding ranges from only four to seven days.

How Does a Secured Line of Credit Work?

With a secured line of credit, you put up an asset as collateral in order to get a lower interest rate. We simply use your business’ accounts receivables as collateral, making them secured loans. The total time from application to funding ranges from only four to seven days.

Line of Credit Online

Pros and Cons -What is a Revolving Line of Credit?

The revolving line of credit definition describes it as a financial institution extending available credit (money) to the business for an open or undetermined amount of time. The debt is repaid on a periodic basis. The advantage of this credit is that once it’s repaid, it becomes available again.

How does a Revolving Line of Credit Work?

What this means to you is that after the financial institution establishes this “revolver” you can continuously borrow up to that predetermined credit limit. So, each time you purchase something, you are using the extended credit and that amount is subtracted from the credit line. You will pay on the unpaid balance. As you pay off that borrowed amount, your credit line will increase. Think open-ended credit.

What do You Mean by Revolving Line of Credit?

Credit?
Are you familiar with credit cards, HELOCs (home equity lines of credit), department stores credit accounts, or gas cards? Then you are quite familiar with this type of credit. These are all considered revolving credit examples. The key is that once the account is paid off it does not close. The funds remain available for future borrowing.

What is the Difference Between Revolving and a Non Revolving Line of Credit?

The nonrevolving credit or nonrevolving lines are typically the installment or term loan. This is a loan that makes regular payments. These can be daily, weekly, or monthly payments. You are
provided with a lump sum or principal amount and it is paid off over a predetermined amount of time. Once it’s fully paid, it is retired and the funds are no longer made available to you.

How to Use Revolving Line of Credit

  • Cash Flow
  • Inventory
  • Short term capital
  • Payroll
  • Future projects -specific purchase
  • Business Operations -paying bills
  • Debt Consolidation revolving line of credit
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