Flexible Access
Draw funds whenever you need them, up to your credit limit.
Only Pay Interest on What You Use
Interest is only charged on the amount you draw, not your entire credit limit.
No Collateral Required
This type of credit line does not require any collateral.
About Line of Credit
A Line of Credit offers businesses flexible access to funds whenever they need it. With competitive rates and easy repayment options, our Lines of Credit are a reliable solution for ongoing funding needs. Use the funds for any business-related expenses, from inventory purchases to unexpected costs.
Frequently Asked Questions
A Line of Credit is a flexible loan that gives businesses access to funds up to a set limit. You only pay interest on the amount you draw.
A Line of Credit is suitable for businesses that need flexible access to funds for operational expenses, inventory purchases, or to manage cash flow.
Repayment for a Line of Credit is flexible. You only pay interest on the amount you draw, and you can repay and redraw as needed within your credit limit.
Yes, a Line of Credit offers flexible access to funds, you only pay interest on what you use, and it can be a reliable solution for managing cash flow and unexpected costs.
Yes, a Line of Credit can affect your credit score. Like credit cards, a Line of Credit is considered revolving debt and is treated similarly when generating your credit score. If you make your payments in full and on time, it will reflect positively on your credit score.
Qualifications
To qualify for a Line of Credit from Lecont Lending, your business must have a minimum of $5,000 in monthly revenue. The repayment period typically varies based on your business’s financial situation and the amount drawn.
Ready to boost your business with flexible, accessible funding?
Apply for a Line of Credit today and get approved in as little as 24 hours!