Line of Credit

Line of Credit Services by Sheer Funding
type of service

Business Line of Credit

A business line of credit provides flexibility that a regular business loan doesn’t. With a business line of credit, you can borrow up to a certain limit. At Sheer Funding, a business is approved for a maximum amount of revolving credit and can draw down any amount.

How it works: Draw the cash you need directly into your business checking account at anytime. Only pay interest on what you draw. Your line will be automatically deducted from your business account, so you don’t have to work about missing due dates. Fixed weekly payment. Common uses include: accounts receivable gaps, new opportunities and unexpected expenses.

LINE OF CREDIT DETAILS

  • Quick and Easy application process
  • Approvals up to $100,000
  • Terms between 3 and 36 months
  • Rates between 5.99% – 18.99 %
  • Line increase reviews every 60 days
  • No Pre-Payment Penalties
  • Approval within 24 to 48 hours

Qualifiying criteria

  • 12 + Months time in Business
  • 600 + Credit Score
  • $150,000 + in annual revenue
  • Most Industries

Required Documentation

  • Completed Application Form (Download Pdf)
  • Copy of Bank Statements
  • Copy of Valid ID
  • Copy of Voided Check
*additional items may be required*