Every business could benefit from extra working capital. In Philadelphia, not every business wants to navigate a sea of red tape and wait long periods of time just to get approved for a basic loan through traditional lending channels. The speed of business goes much faster in Philadelphia than it does inside lending institutions, which is why Approved Business Lending offers unsecured lines of credit for Philadelphia businesses. Whether you are just launching a new startup or simply want extra capital for an existing business, Approved Business Lending can help. Our unsecured business lines of credit do not require any collateral, and approval is easy so long as you have a good credit profile.
Funding for Businesses of All Sizes in Philadelphia
Philadelphia is full of business owners and emerging entrepreneurs, and an extra line of credit can go a long way on the road to success. Approved Business Lending offers unsecured lines of credit designed to meet the needs of business owners in Philadelphia, according to revenue. Large business in Philadelphia with annual revenues of at least $1 million are typically approved for unsecured business lines of credit up to $500,000. For new and small business in Philadelphia that might not have an established revenue history, we can offer unsecured business lines of credit up to $50,000
Our unsecured business lines of credit offer a number of benefits to Philadelphia, PA business owners such as:
- Excellent rates and very attractive introductory offers
- No subprime loans so you are guaranteed to receive our good rates if you qualify
- No collateral required as long as your financials and credit profile are favorable
- Rates of 1 percent to 5 percent over prime are possible for larger credit lines
As always, the amount Philadelphia businesses will qualify for depends on overall profitability, as well as the credit profiles of the business itself or the owners.
Accessible Funding Promoted Growth and Success
Finding accessible financing in Philadelphia is a challenge for local business owners. Traditional lending channels want to see impeccable credit ratings and a long financial history, which leaves very little room for new and small businesses. Unsecured lines of credit from Approved Business Lending provide an accessible source of working capital that can be used for anything your business needs, without prohibitively high requirements or arbitrary loan board decisions. Additionally, as your business grows, you can apply for an increased spending limit on your line of credit. Our goal is to give business owners throughout the Philadelphia area access to the funding they need without navigating a sea of red tape through traditional lending channels.
Contact Our Offices Today
If you own a business in Philadelphia, and would like access to a business line of credit without having to put up collateral, contact Approved Business Lending today. Our team will work with you directly to provide an unsecured business line of credit, or help you explore our many financing options for Philadelphia business owners.