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Line of Credit by SmartBiz

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Must have at least 2 years time in business, 660 minimum FICO score needed. Monthly payment options available at fixed interest.

Nav's Verdict

Cost

LowHigh

Effort to Apply

EasyDifficult

Funding Speed

MonthsMinutes

Repayment Terms

MonthsYears

1/10

Bottom Line

Must have at least 2 years time in business, 660 minimum FICO score needed. Monthly payment options available at fixed interest.

Pros

Funding amounts up to $150k per line. Transparent monthly payment schedule. No fees for subsequent draws.

Cons

Minimum FICO of 660 required. Max NSF’s is 1 in 6 months. 6% origination fee (based on approve line $ amount).

Cost

As low as 9.99%

Repayment Terms

Monthly, 12 month draw period

Funding Speed

If approved, within 3-7 business days

Funding Amount

$25,000 - $150,000

Reviews

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Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer.

Editorial Disclosure

Any personal views and opinions expressed are author’s alone, and do not necessarily reflect the viewpoint of Nav. Editorial content is not those of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Reviews are not provided or commissioned by the credit card, financing and service companies that appear in this site. Reviews have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.