Line of Credit by LendSpark

Line of Credit by LendSpark

LendSpark’s creative, ethical financing solutions fuel growth for businesses of all sizes and stages. They provide fast, secure and flexible options to grow your business while protecting your personal credit. LendSpark offers a true line of credit and is based on equipment and accounts receivable. Funds can be used for working capital, refinancing debt, expansion or contraction of business, or new projects and new revenue opportunities.

Cost
40% Complete
LowHigh
Effort to Apply
50% Complete
EasyDifficult
Funding Speed
40% Complete
MonthsMinutes
Repayment Terms
80% Complete
MonthsYears

8/10

Bottom Line

If you are an established business and need a large amount of funding, this line of credit is a great option.

Pros

Higher funding amounts than other lines of credit with reasonable interest rates.

Cons

Slower funding speeds. Established businesses only.

Qualification requirements

Annual Revenue

At least $250,000 in revenue

Time In Business

At least 2 years in business

Other Requirements

No bankruptcies in the last 5 years. No more than 3 UCC filings.

Cost
10% - 30% APR
Repayment Terms
Monthly payments for up to 24 months
Funding Amount
Up to $500,000
Origination Fee
1% - 4%
Funding Speed
1 - 2 weeks
Application Fee
None

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