Fund Your Business Whether It’s Established or a Startup
An unsecured business line of credit is a great, flexible form of financing. Whether you have a startup or an established business, Perenica Commercial Capital is here to source the funding you need.
How much the business owner qualifies for depends on the credit profile and the size and profitability of the business. Start-up companies with no established revenue and a business owner or partner with a good credit file can expect to receive between $25,000 – $100,000 normally. Established businesses with revenues of $1,000,000 up to $10,000,000 can expect between $100,000 – $500,000 with no collateral if they qualify with their financials and credit. These are A-Paper products so the rates are very good. They range anywhere from 0% introductory offers on all our business credit card solutions to 1-5% over prime for the larger lines of credit. We don’t offer “subprime” Unsecured lines so you’ll either get the good rates or you will not be approved.
For a Startup Business
It can be hard to get funding when your business has no credit history, that’s why we can look to your own history or that of a partner to determine if you qualify for a line of credit. Even if your business has no established revenue, you or your partner could qualify for credit between $25,000 and $150,000 to get you started.
For an Established Business
When your business already has a track record of annual revenue, you can qualify for a larger line of credit. For businesses with more than $500,000 in annual revenue, we may be able to offer $100,000 to $500,000 in unsecured business lines of credit.
Our Credit Advantages
Working with Perenica Commercial Capital means you have access to a variety of benefits. Some of these include:
- No subprime loans
- No upfront payments
- 10-minute pre-qualification
Get Started Today
One of our financial experts can walk you through pre-qualification and answer any of your questions. With our financial backing, you can run your business the way it needs to be run.