Business Lines of Credit Requiring No Collateral From Perfect Alliance Capital
Your business lines of credit allow you to function by making necessary purchases and keeping your business afloat. Most lines of credit allow for acceptable interest rates and credit limits as long as there is collateral to fall back on. What if you don’t want to use collateral, or you don’t have any property to put up as a fail-safe? Unsecured business lines of credit from Perfect Alliance Capital do not require collateral and can still provide you with acceptable limits and interest rates.
How do Unsecured Business Lines of Credit Work?
You can apply for an unsecured credit line with our no-obligation pre-qualification. It takes just 10 minutes and $45 for a credit check. Although these types of credit lines usually have a higher interest rate, we only approve you if you qualify for 1-5% over prime. This way, you don’t end up with business credit card solutions with subprime rates. You can then use the credit lines however you see fit for your business.
We can usually help small businesses obtain individual lines up to $500,000. Established businesses with revenues up to $10 million by be able to qualify for up to $500,000 with proper financials and credit. Startup business with good credit may be qualified for up to $100,000.