BUSINESS LINE OF CREDIT

If you own a small business and need access to funds for short-term solutions such as inventory and repairs than a business line of credit is a great funding option for you! It’s a good solution for when cash flow is tight. This option work likes a credit card in that it gives you access to a pool of funds, up to a limit. However, business credit cards usually charge higher interest rates and fees than a business line of credit. The reason is that business lines of credit can be secured with an offer of collateral which means the interest rate will tend to be lower, and you will probably be able to withdraw more. Another bonus is that repayments on a business line of credit are more flexible than those on a term loan.

 

  • Most accessible funding option
  • Can be secured
  • Flexible repayment structure

    WE’RE HERE FOR YOU

    Does your business need some operating capital? We provide alternative financing options for business owners who need access to quick cash. Our professional, experienced team understand business and business finance and are here to give you and your enterprise the backing and boost it needs.

    PERSONAL SERVICE FOR YOU

    Your business is unique and that’s why you need a specialized funding option that’s unique to your situation. From Merchant Cash Advances to Invoice Financing, we offer it all and will help choose the right option for you.

    QUICK & EASY FUNDING FOR YOU

    Whatever the reason you need funding, with FAVO, you have access to an application and approval process that’s fast and a borrowing system free of rigid requirements.

    OPTIONS FOR YOU

    What FastFunding option fits your business best?

    – Merchant Cash Advances
    – Equipment Financing
    – SBA Loans
    – Business Term Loans
    – Invoice financing

    HOW TO APPLY?

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    Step 1

    Complete the application. Simple and quick process. You can apply online or over the phone.

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    Step 2

    Get a decision. Our dedicated team will review your options and call you back with your tailored options.

    Step 3

    Receive Funds. We will complete the transaction and you will receive same day funding.

    Loans and cash advances are subject to lenders & funders approval. Your loan or cash advance agreement will identify the loan or funder issuing the loan or funding prior to signing. For SBA Loans, Business Term Loans may be issued by a FAVO Capital banking partner. Your loan agreement will identify the loan issuer prior to you signing.