Secured Line of Credit
A commercial line of credit gives your business access to a reusable pool of funds that you can draw from as needed, rather than receiving a one-time lump sum.
Flexible Access to Working Capital
A Secured Line of Credit is a business financing product targeted at business owners who need access to working capital. We specifically work to help businesses get funded even if personal credit isn't strong.
Unlike a traditional loan where you receive a one-time lump sum, a line of credit provides a reusable pool of funds that your business can draw from as needed. This gives you flexibility to access capital when opportunities arise or challenges need to be addressed.
Benefits
- Access to working capital when you need it
- Reusable pool of funds-draw as needed
- Options available even with challenged personal credit
- Flexible terms based on your business situation
How It Works
SpotOn Financial outlines the following steps for pursuing a secured line of credit:
Review Credit & Finances
Your business and personal credit history will be evaluated. Personal credit scores still matter, but we can work with businesses that have challenged credit.
Compare Options & Requirements
Check the terms, rates, and what lenders will expect from you. Some lines require collateral or a personal guarantee.
Know the Costs
Understand interest rates, fees, and other charges up front. We believe in full transparency about all costs involved.
Gather Documentation & Apply
Submit your business details, financials, and other required documentation. We guide you through the entire application process.
Serving Businesses Nationwide
SpotOn Financial serves business owners across all 50 states and Canada, providing personalized funding solutions no matter where you're located.
Get Your Line of Credit
Apply today and get access to flexible funding for your business needs.