Lines of Credit

Lines of credit are one of the most common sources of funding for small business owners and entrepreneurs. But many people confuse lines of credit with business loans, assuming they are the same. While they share some similarities, they are two unique forms of funding. A line of credit is essentially a credit source given to a business owner, professional, or individual.

Types of Credit Lines:

• Business Line of Credit
• Personal Line of Credit
• Home Equity Line of Credit (HELOC)
• Secured Lines of Credit
• Unsecured Lines of Credit

Lines of credit can be utilized for a variety of purposes, both for businesses as well as for individuals. If you are in need of private capital, a line of credit could be the perfect solution. We have access to a global network of motivated investors who are eager to evaluate your business or project, and they are lending. To get started, simply complete a quick funding application.

Let Intrepid Private Capital Group help you navigate the world of private capital and be your partner in making the right decisions.

A line of credit is a debt instrument that establishes a loan balance. Lines of Credit can be extended to companies, institutions, as well as to individuals, and can be drawn upon at any time and up to the established credit line limit. Borrowers can make use of the money for a variety of reasons such as, making business purchases, home improvements, major purchases, etc.

One characteristic difference between lines of credit and business loans is the repayment schedule. With a business loan, you typically have month-to-month payments, which begin as soon as you acquire the loan. However, with a line of credit, you only pay on the amount you've borrowed. Assuming you don't borrow any money with your line of credit, you won't have to make any payments.

While rates can vary, you can expect a different interest rate between a line of credit and a more traditional business loan. Business loans typically have a fixed interest rate, meaning the rate never changes throughout the life of the loan. A line of credit, on the other hand, is often variable and tied to a specific rate such as the Wall Street Journal prime rate.

For more information on obtaining a Line of Credit or any questions regarding our business funding process, feel free to Contact Us. To begin a funding application, simply click on the "Apply Now" link to get started. Let Intrepid Private Capital Group be your partner in making the right decisions and help you get the private funding that you need for your business or project.

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