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Best Business line of credit for new business

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Bladematthewslp
Valued Member

Best Business line of credit for new business

Hello, everyone. Does anyone have any recommendations for a business Line of Credit for a new business less than a year old? I understand it may require a personal guarantor. My fico scores are all above 740. The biggest hurdle so far is meeting qualifications, as most business LOCs require the business to be established for at least 2 years.

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bizcredit11
Frequent Contributor

Re: Best Business line of credit for new business

@Bladematthewslp 

 

Your easiest and best bet for a line of credit currently is most likely Fundbox. 

 

If you have high income for your business banking account and good business banking account management you will do just fine. If you only have good business banking account management (no NSF's) you will still be approved with 740+ scores just a smaller limit. It can grow though if you use it regularly.

 

The LOC goes up to $150k now.

 

6 months of banking history is all you need with Fundbox.

 

bizcredit11

 

 

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