Business Line of Credit Icon

Global Connect Pro Business Loan

We, at GConnectPro, can help you quickly open a line of credit for your business!

Let's get started.

$
Loan Amount Icon

Loan Amount

Up to $250k
Loan Term Icon

Loan Term

1-2 years
Loan Time Icon

Time to Funds

1 Day
Loan Interest Icon

Interest Rate

1%-2% per month

Global Connect Pro Business Loan Requirements

Loan Amount Icon

TIME IN BUSINESS

Business should be 1 year old
Loan Amount Icon

LOCATION

Business can reside anywhere in the US.
Loan Amount Icon

PERSONAL CREDIT

No minimum requirement
Loan Amount Icon

ANNUAL REVENUE

$50K Business revenue in the past 12 months
Loan Amount Icon

INDUSTRY

Over 700+ Different Industries Served
Loan Amount Icon

NO PRE PAYMENT PENALTY

No penalty if paid before

What is a Business Line of Credit?

A Business Line of Credit is a revolving loan that gives business owners access to a fixed amount of money. They can use this money in their everyday operations according to their cash requirements.

You can use the funds up to your approved amount, then repay what you’ve used to make the funds available again. They are specifically designed to help businesses finance short-term working capital needs, such as purchasing inventory or repairing equipment, making payroll, financing marketing campaigns.

Open a Line of Credit for your Business within a day, with GCOnnectPro!

Advantages of Business Line of Credit

Why should you apply for a Business Line of Credit?


  • Flexible: On getting approved for a Business Line of Credit, you can draw funds when you need them and use them for any legitimate business purpose you want.
  • Limited Interest; Limited Interest: You are charged interest only on the portion of funds that you withdraw, and no interest is charged on the unused portion of the funds.
  • Improve Credit: Improve Credit: If your lender reports back to the credit bureaus, using your line of credit judiciously and repaying on time can be an excellent way to build credit.
  • Low Fees: Low Fees: A business Line of Credit typically does not have as high an interest rate and related fees as a credit card or a term loan. Thus it’s quite economical.

How does the Business Line of Credit work?


Upon opening a Business Line of Credit, you’ll receive access to a fixed amount of funds that you can use as per your needs. Every month, you’ll receive an invoice reflecting the amount of credit you have used, along with any interest charges.

Your payment depends on the actual interest accrued on these funds while you use them. Once the funds are repaid, that amount is again released for your utilization. You are only charged interest on the amount of the loan you actually use.

The rates and limits of a Business Line of Credit are set by lenders. They depend on factors like your risk grade, collateral, and any servicing requirements. Your risk grade is ascertained on the basis of factors like the state of your business sector in general, the financial success of your business, your business and personal credit scores, and the availability of collateral.

Still Confused?
Our experts can help you understand better!

Annual Revenue

Over $50,000

Personal Credit Score

650

Time in Business

Over 2 years

Location

Registered in the US

Open a Line of Credit for your business and efficiently manage your working capital needs!

Apply Now

Documents required to apply for a Business Line of Credit

  • Your personal Identification
  • Voided Business Checks
  • Bank statements
  • Balance sheets
  • Profit and loss statements
  • Business and personal tax returns

Line of Credit Calculator

Because you’re only as good as the tools you use. See how much your loan will cost.

$

Types of Business Line of Credit


  • Secured Line of Credit: In this type of business line of credit, the business must pledge assets as collateral to secure the loan. Lenders will typically ask for short-term assets since a Line of Credit is a short-term liability.
  • Unsecured Line of Credit: This does not require assets as collateral. The lack of collateral means a higher risk to lenders. So, to get an unsecured Line of Credit, you’ll need stronger credit and a positive business track record.

Business Line of Credit Application Process

with Global Connect Pro Financial


01

Application form

Firstly, you need to fill out our online application form giving us basic details of your requirements.

02

Advisor Call

Our Financial Adviser will call you to discuss your qualifications, loan options, and help you prepare for your line of credit application.

03

Loan Application

Once all the documents are ready and qualifications are met, we’ll move on to the formal application with the lender.

04

Loan Approval

Our Financial Advisers and Agents will keep in touch with the lender to ensure that your line of credit is opened at the earliest.

With GConnectPro, choose from over 100+ lenders to find a loan that qualifies all the benchmarks for your business. We help businesses grow and succeed!

Get your small business loan today.

$
There's no fee and it won't impact your credit.
Phone Icon

Give us a call
(302) 298-0024

Monday - Friday | 10am - 5:30pm Eastern Time