What is Business Line of Credit Requirements?

The requirements for a business line of credit from a bank are stringent and include 2 years of tax returns, YTD financials, your personal financial statements, cash flow, and sales projections, and your professional experience. Alternatively, If you are a startup or have bruised personal credit, you can secure an invoice factoring facility based on your creditworthy open invoices or A/R aging in just a few days.

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Get Inside Your Lender’s Head Top things you can do (and avoid) to secure a line of credit for your growing business

Get Inside Your Lender’s Head Top things you can do (and avoid) to secure a line of credit for your growing business

First impressions are critical to any relationship, especially when it involves something as important as your business and your lender’s capital. eCapital’s Jennifer Palmer weighs…
Strengthen Your Trucking Company’s Financial Position with a Revolving Line of Credit

Strengthen Your Trucking Company’s Financial Position with a Revolving Line of Credit

If you're a business owner in trucking, whether you're managing a fleet or hauling loads yourself, there's a powerful financing tool available that is well…
How Factoring Helps Assess Credit Risk & Improve Cash Flow

How Factoring Helps Assess Credit Risk & Improve Cash Flow

Providing payment terms to customers is common practice in the trucking industry. Failure to do so will undoubtedly lead to a dramatic loss of business.…

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