Unsecured Business Line of Credit

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Lines of Credit
We Help Grow Your Business

Working capital at your disposition whenever needed the most is crucial for many businesses to achieve their growth targets uninhibitedly. An unsecured business line of credit can help you bridge the gap between payables and receivables without collateral requirements. Unlike conventional term financing, you’re free to use the funds as you need them for business purchases like inventory, supplies, or operating expenses.

Our Boomerang Groupe Consulting LLC unsecured line of credit options feature flexible loan terms with possible annual renewal. There are no cash advance fees; we won’t charge you interest until you use the funds, and you won’t incur any early repayment fees either.

A major difference between an unsecured line of credit and more traditional term loans is that lines of credit are “revolving.” That means you can use the funds up to your approved amount, then repay what you’ve used, and the funds become available to you once again.

Startup Business
Can Startup Businesses Apply Too?

A good line of credit is important when trying to fund a startup business. But if you don’t have established revenue, where to start? Normally proof of being two years active under the same ownership and annual business revenue of over $100,000 is required.

But, there’s a solution for every problem! At Boomerang Groupe Consulting LLC, we’ll focus on a partner or business owner with a qualifying credit score to determine your application’s success. Lines of credit between $25,000 and $50,000 are possible in these cases.

Accomplish More
Established Business Case Study

If your business shows a strong track record and revenues between $1 million and $10 million, you may qualify for unsecured business lines of credit ranging from $100,000 to $500,000. None of our Boomerang Groupe Consulting LLC packages contain subprime loans, and there is no need for collateral.

Businesses commonly use their business line of credit as a tool to help them grow and accomplish more, faster. You could cover hiring new employees to meet increasing demand and workload with it, for example. Financing a new office or second shop location, including all equipment, is another possibility. Do you need extra inventory for the holiday season, or are you trying to smooth out your cash flow? A business line of credit can help you run your business with less stress.

  • Transaction fees and interest rates tend to be lower than with more conventional loans.
  • An excellent lender-borrower relationship that’s based on trust and responsible use of credit can smoothen future transactions.
  • You can build credit and receive a better overall business credit rating when you’re a reliable payer.
  • Interest rates are only charged on the portion of the credit line you use.

Launching your business plan’s next phase is easier with unsecured business lines of credit from Boomerang Groupe Consulting LLC. Our prequalification takes just 10 minutes, a simple credit check, and comes with no obligations. Please talk to one of our financial specialists today to help hammer out the details!