Get Credit Now, Make Good Business Decisions Later.
Business line of credit – The most flexible financial product available for small business.
Get access to cash for your business with an unsecured business line of credit. With Merchant Advance Capital’s Give Yourself Credit, Canadian businesses can take control over their business’ financial needs. We worked to develop a product that would put more control back in the hands of business owners, at a lower cost – that’s what small businesses have told us they want when it comes to their finances.
How Do They Work?
Businesses are granted an unsecured line of credit based on the performance of the business, instead of solely on credit scores or business assets. Prior to the launch of our Give Yourself Credit product, an unsecured line of credit was only available through banks and credit unions, which are more limited in the ways they can evaluate potential borrowers.
We heard from customers that while it’s convenient and painless to be able to get a loan at the last minute, it doesn’t reward those planning for the year ahead and creating business projections for growth.
Is it Right for You?
The Give Yourself Credit line of credit works like a personal line of credit, allowing customers to apply for an amount based on the performance of the business, and be approved in advance. This allows business owners the option to wait until the time is exactly right before making major moves or purchases, as customers only pay interest when they tap into the approved amount on their line of credit.
As an alternative lender, Merchant Advance Capital is able to serve a wider range of small businesses than traditional institutions, as they can factor in less conventional indicators of creditworthiness.