Build Your Business Credit Rating With an Unsecured Credit Line
Building your company’s credit line means having the opportunity to take out and repay advances, loans, and more. It can be hard to figure out where to start out, though. Luckily, unsecured credit lines are accessible and flexible enough that most businesses can use them as a staple of their credit portfolios from the time they start up through the life of the company. At Compass Commercial Solutions, we help make this possible by building unsecured business lines of credit to fit each customer individually, so larger companies can access a deeper line of credit.
Terms of Our Credit Program
Unsecured business lines of credit are given out in two tiers:
- Small companies can usually access about $50,000 on just an application
- Businesses with incomes in excess of $1 million can usually access about $500,000
Individual credit line quotes will vary with your company’s financial history, but our $45, 10-minute preapproval screening can help you find out if this is the right credit line for your business in just a couple minutes. If you’re approved, your line will fluctuate with the published federal credit rate, and it will be between 1 and 5 percent above that rate, so you can count on affordable interest.
For more information about our business credit lines, contact us and talk to an associate.