Business Line of Credit
Apply for Fortified Funding’s Business Line of Credit Flexible capital that works almost like a credit card, except you get access to cash and lower APRs. A line of credit is an arrangement with Fortified Funding that establishes a maximum loan the lender will allow the borrower to take. You can withdraw funds (as low or high as you wish) on the line of credit at any time, as long as you don’t exceed the maximum set in the agreement.
A business line of credit is similar to a credit card: you use it as you need it. You make payments on a regular, predetermined schedule, and you can borrow or use more as your principal is paid down. Unlike credit cards, the interest rate is typically slightly higher than the prime lending rate.