YOUR CAPITAL SOURCE
Lines of Credit
Expand Your Buying Power With A Revolving Line of Credit
From inventory to office expense, employee payroll, and utilities a line of credit can help you manage cash flow and meet everyday obligations along the way. Learn about interest rates and repayment options available to you through either a secured or unsecured line of credit.
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Unsecured line of Credit
An unsecured line of credit is an excellent option, if you are eligible. Unsecured credit means that you assets are not at risk should you default on your loan. To be eligible, your business must have a strong history of repayment and a solid business credit score. Qualified businesses can have a line of credit available quickly and without a lengthy application and evaluation process.
Let New Market Funding help you identify and access your unsecured line of credit to keep your business moving forward.
Secured Line of Credit
Unlock greater dollar amounts than you are approved for under an unsecured line of credit with a secured line of credit. The benefit of a secured lines don’t stop with the dollar amount available. Get lower interest rates and better terms by leveraging equipment or assets owned by your business.
The lender will place a lien on your assets until your loan is repaid, providing the lender a means to recover their investment in case of default. Many businesses that have been denied by their bank or credit union have been approved through our lender network.
Working Capital
Also known as a revolving line of credit, working capital provides cash on an ongoing basis. Like a credit card, available funds renew as you pay down the balance, but different from a credit card, the funds are drawn from the bank or credit account from which the loan was written rather than from the major credit providers. Utilize funds for everyday expenses and operating costs like, office supplies, payroll, raw goods, or stock on hand.
Let us know about your business and financing objectives.
New Market Commercial Funding
25550 Grand River Avenue
Redford, MI 48240
info@newmarketfunding.com
855-215-6092
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