Business Lines Of Credit – Compare Offers and
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A Quick And Easy Way To Get Funds For Sudden Expenses and Cash Flow Needs.

Without adequate cash flow, your small business can lack the capacity to pay suppliers. Besides that, negative cash flow could seriously affect your business’ credit rating, erode the competitive advantage, and eventually make your business insolvent. Line of Credit is one of the most popular funding options among business owners to access money to address various cash-flow issues and other short-term situations where you need quick access to extra capital.

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Every Business’ Financing Needs Are Different. You can customize a business line of
credit on Smansha to meet your needs.

This sought-after funding can be used to finance capital expansion, purchase inventory, or deal with negative cash flow situations. These loans are typically unsecured, which means you don’t need to put any collateral such as real estate or inventory. However, some business lines of credit may require collateral, due to the larger amount of cash being lent. Unlike a traditional business loan, you have the flexibility to borrow a predetermined amount of funds. At Smansha lending marketplace, we help businesses compare and find a variety of lines of credit offers, sold by multiple lenders, making it easier to apply and secure the best business line of credit to fit their budget and needs.

Loan Amount

$1,000 – $500,000

Loan Term

1-2 years

Repayment Term

3 months to 25 years

Interest Rate

8% to 24%

Funding Time

1-2 weeks

Security

Often require collateral

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Eesy to Set Up. No Credit Card Required.

Why Consider a Business Line of Credit?

A business line of credit provides flexibility that a regular loan doesn’t. It is a great funding option for small business owners who are struggling with cash flow problems. Once approved for a business line of credit, you can draw funds when need and use them for various business purposes.

Instant Funding

Get money in your bank account as soon as 24-48 hours once approved.

Improve Credit Score

Term loans can help you improve your business credit score by making full and on-time payments, which our lenders report to bureaus.

Ability to Repay and Borrow Again as Needed

Repaying only the amounts you withdraw and only paying interest on the amount of credit you’ve used to make the funds available again.

No prepayment Penalties

Pay off your line of credit anytime without any penalty or fee.

Find the Best Deal

Our business funding experts can help you match your business with a wide range of line of credit options. Besides, they can also help you compare interest rates, terms, and payments for a variety of lending options, so you can choose the one that meets your business's unique financial needs.

We Work With Top Alternative Lending Partners to
Support Small Businesses with Finance

Finance your Accounts Receivables - get your business rolling with Smansha

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How it Works?

1
Sign Up

Sign up with our secure and innovative lending platform to get started for a safe and worry-free funding

2
Get Approved

Provide some basic information about your business to get your business approved. Compare loan options to find the perfect funding for you or your clients.

3
Receive Your Funds

Receive your funds within 24 to 48 hours (on approval)

4
Make Payments

A fixed payment is automatically debited from your business bank account.

Make smarter decisions about your business line of credit by comparing funding offers from multiple lenders at Smansha

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  • How do I apply for a business line of credit?
    • Depending on the lender you’re working with, your application process can be easy or tough. Thanks to various alternative lenders who use the latest technology to provide a quick and streamlined application. On the contrary, traditional banks will have a more intensive business line of credit application. If you’re applying for a business line of credit for the first time, then the whole application process of this small funding can intimidate you. Applying for a business line of credit with Smansha is super easy and quick. Sign up with our secure and innovative lending platform in just a few minutes and receive funds in just 24-48 hours once approved. Our business funding experts can help you match your business with a wide range of line of credit options. Besides, they can also help you compare interest rates, terms, and payments for a variety of lending options, so you can choose the one that meets your business's unique financial needs.
  • Things you need to consider before applying a line of credit?
    • First and foremost, you need to compare different alternative lending options and choose one that best fits your business financial requirements. Since traditional banks tend to be harder to qualify, you should go for alternative lenders. Gather and submit your documents and business information in advance. Besides, it’s always a great idea to get to know about the interest rates and fees before finalizing a lender.
  • What you’ll need to apply online for a business line of credit?
    • Here is the list of all the common documents you must require before applying:
    • 1. Driver’s license
    • 2. Voided Business Check
    • 3. Bank Statements
    • 4. Balance Sheet
    • 5. Profit and Loss Statement
    • 6. Credit Score
    • 7. Business Tax Returns
    • 8. Personal Tax Returns
  • Is Collateral required for a business line of credit?
    • Business lines of credit can come both secured and unsecured. While secured loans are backed by collateral like real estate, inventory, and accounts receivable, etc., you have to give a personal guarantee in an unsecured line of credit.
  • How Business lines of credit are different from Traditional Term Loans?
    • A line of credit can be used multiple times whereas a term loan is used one time only. You may have a weekly or monthly payment and regular interest rates with term loans while you make payments on the amount of money you borrowed with a line of credit. The closing costs are lower for a line of credit than a term loan. Lines of credit are best for short-term while term loans are usually best for long-term purposes.
  • How Much Does A Line of Credit Cost To Businesses?
    • Understanding the cost of a line of credit is pretty simple – when you take, you pay. Moreover, you’ll only pay interest on the cash you draw. Besides that, most lenders will charge an annual fee for the business line of credit, in addition to interest charges. Also, you may have to give a transaction fee if you’re going to need a significant number of loan advances and repayments.
  • What can you use a business line of credit loan for?
    • Whether you want to finance ongoing expenses, cover working capital gaps, hire new talents to meet the growing demand for your organization, purchase inventory and a new piece of equipment, expand the business to a new location, purchase a new office, you can use a line of credit for nearly any business purpose as a small business owner.
  • What are the qualification requirements for a business line of credit?
    • The qualification criteria for these types of small business financing vary from lender to lender. However, there are some common requirements that one can expect when applying for a business line of credit. If your business fulfills the following minimum requirements, then you should seriously consider applying for a line of credit:
    • 1. Must be in operation for at least two years
    • 2. The company must have revenues and must be profitable. You may have to provide proof of revenue and business health when qualifying for a line of credit.
    • 3. In a larger amount of cash cases, businesses may have to put traditional collateral, like accounts relievable, inventory, machinery, real estate, and financial instruments.
    • 4. If you’re an independent small business owner, most business lines of credit require a personal guarantee. If the company is a subsidiary of a larger company, lenders usually require a guarantee from the parent company as well.
    • 5. Lenders may examine the personal credit of the business owner and all guarantors.