Graduate to an unsecured line of credit over time
Security deposits start at $1,000
Apply and fund the account with a minimum deposit of $1,000.
Use your line of credit for operating expenses, payroll and more. Make regular payments and establish positive account history.
After a successful review of your account performance, your deposit will be refunded. Account reviews begin at 12 months.
Make regular, on-time payments to build your business credit. After 2 years in business under existing ownership and $100,000 in annual revenue, you could transition to an unsecured line of credit.
Your credit line is the same as your security deposit. If your primary goal is to build your business credit, your small business can start with a security deposit as low as $1,000. You can close the account at any time by simply paying off the balance. Once the account has been closed, your security deposit will be refunded.