Business Lines Of Credit

Our Line of Credit program is a flexible product that consists of a defined amount of capital that you can access as needed and repay either immediately or over time. A Business Line of Credit can be an excellent tool for a small business. Our rates are affordable and our service is fast. If you have been turned down, Smart Business Funding can help.

Line Of Credit Process

Getting the funds for your business is simple. With our quick application process, you’ll have additional funding in no time. Our process is broken into 4 steps: Apply, Qualify, Receive, and Reimburse.

Applying

You or a financial expert from your organization fills out a brief business funding application and sends it to our team along with bank statements of the business over the last three months.

Qualifying

Our team will review the information you’ve provided. Generally, most inquiries get approved within a matter of hours.

Receiving

Receiving your new funding from Smart Business Funding can take 24 hours or less! If there are no hiccups in the application and qualifying stages, we can get the funds to you within 24 hours after approval. Our goal is to get your business funds into your hands as fast as possible. We will work with you to make sure that happens.

Reimbursement

Your line of credit will have a draw period and a repayment period.The draw period is the time that you have access to the capital.This stage might last up 10 years or more, depending on the details of your agreement. You will pay only when you withdraw funds from the line of credit. Once you pay back the funds, that amount is again available for you to access.

Frequently Ask Questions

Q : Is your Lines Of Credit expensive?

A : The cost of the funds is different for each business owner. Underwriting determines the cost of the capital based on a variety of factors including credit, location, industry type and debt the business has.

Q : Do you have a weekly repayment option?

A : We do have weekly repayment options subject to eligibility.

Q : Are there any penalties for paying off the Lines Of Credit early?

A : No. There are never any penalties for paying off the Line Of Credit early. We actually offer discounts and incentives for paying back the Line Of Credit early.

Q : Is this transaction reported to any credit reporting agency?

A : There is no reporting to any credit reporting agency.

Q : When will I qualify for a renewal?

A : Businesses are typically eligible for renewal as soon as they are 50% paid back.

Q : How long has Smart Business Funding been in business?

A : We opened in December of 2014.

Q : What is the best way to reach someone in customer service?

A : Phone: 866-Re-Smart or email: Info@smartbusinessfunder.com

Q :Where are you located?

A : We are located in Brooklyn NY.

Q : Are you affiliated with the Better Business Bureau?

A : Yes, we are proud of our A+ rating with the Better Business Bureau. Here is the link to our profile: https://www.bbb.org/us/ny/brooklyn/profile/factoring-service/smart-business-funding-0121-166141

Get The Funding You Need Today

Businesses of all sizes are encouraged to contact us about our Line of Credit options or apply for a Line of Credit today! Funding from Smart Business Funding that backs your business to help it grow can be the difference between an average business and one that succeeds and surpasses competitors. Contact us today to learn more!