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.

8/10

Cost
40% Complete
Low High
Effort to Apply
50% Complete
Easy Difficult
Funding Speed
40% Complete
Minutes Months
Repayment Terms
80% Complete
Months Years

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.

Cost
10% - 30% APR
Repayment Terms
Monthly, revolving, up to 24 months
Funding Amount
Up to $500,000
Origination Fee
1% - 4%
Funding Speed
1 - 2 weeks
Application Fee
None
Revenue
At least $250,000 in revenue
Time in Business
At least 2 years in business
Knockouts
No bankruptcies in the last 5 years. No more than 3 UCC filings.

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