Small Business Lines of Credit
When applying for a small business line of credit it can be a troublesome task for those that have not established credit or those who cannot seem to get enough to pay for the high expenses of running a business to invest in advertising, products, services, new merchandise, distrubution changes, and marketing efforts. The more money you put into your business the more you make most of the time so if you own a business that is not a high risk one and feel that your credit is worth a loan from a top lender then try our loans from American Express. They can help you with all types of business credit lines including minority small business loan including african americans, hispanics, and loans for women wanting to start a corporation. Terms of loans may vary from lender to lender, but there are two basic types of loans: shortterm and longterm. The different types of small business loans are short term and long term. A short term loan has a maturity of up to one year including workingcapital loans, accountsreceivable loans and lines of credit. Longterm loans have maturities greater than one year but usually less than seven years. Real estate and equipment loans may have maturities of up to 25 years. Longterm loans are used for major business expenses such as purchasing real estate and facilities, construction, durable equipment, furniture and fixtures, vehicles, etc. To learn more about small business loans check out our business loans advice section or go directly to American Express.
American Express Business Capital Line offers small businesses a line of credit from $10,000 to $100,000 at a competitive APR for both cash and check purchases. 100% of the line is available as cash and NO collateral is required. Customers will receive fee-free checks as well as a card to access the account.
• Line sizes starting at $10,000
• 100% of the line is available as cash
• No collateral or minimum banking account balance required
• No application or origination fees
• Access to money through checks, card or electronic transfer
• The same rate for cash and purchases. No cash advance or check fees
• Interest is only charged on the portion of the line you use
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