Copyright 2006 2007 NYMort.com. Registered Mortgage Broker - NYS Banking Department. Loans
arranged through third party providers. This is not a commitment to lend. Loan programs subject to
change without notification. Equal Housing Opportunity.
arranged through third party providers. This is not a commitment to lend. Loan programs subject to
change without notification. Equal Housing Opportunity.
(718) 886-4438 Or email me at LYip@NYMort.com |
| Your One-Stop Mortgage Source Lawrence Yip - Senior Loan Officer |
NY Unsecured commercial business line of credit
 |
 |
 |
 |
 |
 |
 |
Please contact me via
phone during regular
business hours or by
email 24/7, or by filling out
the form on the Contact Me
page. I will make every
effort to respond to your
questions within hours.
phone during regular
business hours or by
email 24/7, or by filling out
the form on the Contact Me
page. I will make every
effort to respond to your
questions within hours.
160-03 N. Horace
Harding Expressway
Flushing, NY 11365
LYip@NYMort.com
Tel (718) 886-4438
Harding Expressway
Flushing, NY 11365
LYip@NYMort.com
Tel (718) 886-4438
As a business operator, there will be times when you need to move fast to take
advantage of investment opportunities. With an unsecured business line of
credit, you will have access to funds whenever you need them.
Unsecured commercial business line of credit is a revolving line of credit that
allows the business owner to borrow for short-term capital or cash-flow
requirements. For example, one can access a business line to help out during
times of slow cash flow, then repay when cash flow improves.
Small business line of credit is great for businesses that need factoring, pay
for seasonal payments, or have operating cycles. Business lines of credit are
ideal for short-term financing needs, such as during slow cash flow periods,
paying for inventory, equipment, or materials, requiring seasonal working
capital, and financing accounts receivable.
Our partner banks’ business lines of credit give your business access to cash,
whenever you need it, up to a $100,000. This is an unsecured Line of credit
needing no collateral and having no impact to your credit profile. The main
advantage of a line of credit is flexibility. Funds will be available when your
business needs them. You only pay interests on the amount you owe.
Our banks’ unsecured business line of credit features:
advantage of investment opportunities. With an unsecured business line of
credit, you will have access to funds whenever you need them.
Unsecured commercial business line of credit is a revolving line of credit that
allows the business owner to borrow for short-term capital or cash-flow
requirements. For example, one can access a business line to help out during
times of slow cash flow, then repay when cash flow improves.
Small business line of credit is great for businesses that need factoring, pay
for seasonal payments, or have operating cycles. Business lines of credit are
ideal for short-term financing needs, such as during slow cash flow periods,
paying for inventory, equipment, or materials, requiring seasonal working
capital, and financing accounts receivable.
Our partner banks’ business lines of credit give your business access to cash,
whenever you need it, up to a $100,000. This is an unsecured Line of credit
needing no collateral and having no impact to your credit profile. The main
advantage of a line of credit is flexibility. Funds will be available when your
business needs them. You only pay interests on the amount you owe.
Our banks’ unsecured business line of credit features:
|
Qualifying requirements are:
Information required to complete application:
Business Owner Information
Business income/expenses (stated on application but not verified)
Business assets/collateral (not verified)
Business liabilities (not verified)
- Owners of business have personal credit score of 700 or more.
- Business has been in operation at least 2 years.
- Business has a location of operation.
Information required to complete application:
- Business name
- Business address (no P.O. Box)
- Business phone number
- Business fax number
- Amount requested
- Purpose
- Tax Identification Number/SSN
- Date your business was established
- Current owner since
- Ownership type
- Number of owners
- Business banking bank name(s), account number(s) and balance(s)
Business Owner Information
- Name and title of each owner/guarantor
- Home address
- Home phone number
- Social Security Number(s)
- Ownership percentage
- Citizenship
- Annual gross personal income (not verified)
- Monthly housing payments
- Personal banking bank name(s), account number(s) and balance(s)
- Personal net worth: value of assets, cars, homes, bank/retirement
accounts, stocks, etc. (not verified)
Business income/expenses (stated on application but not verified)
- Annual revenue/gross sales
- Net income
- Monthly debt payments
- Annual interest expense
- Annual depreciation expense
Business assets/collateral (not verified)
- Cash
- Business savings and CD’s
- Accounts receivable
- Inventory
- Equipment owned
- Business vehicles owned
- Commercial real estate owned
- Securities and stocks owned
Business liabilities (not verified)
- Current liabilities (sum of business debt including accounts payable
due within 1 year) - Total debts (sum of all other debts not due within 1 year)