(847) 282-4933
35,000
Line of Credit
Cleaning Company
Case Background

The client had a cleaning company serving residential (personal residence), commercial (offices) and industrial (warehouses, parking lots) sites. She was looking for $15,000 to purchase new equipment and $10,000 as working capital.

Challenge

The client did not need a full amount right away therefore term loan would not be a good option.

Result

We applied with one of our partner banks and got $35,000 line of credit with 4.5% APR for 2 years with automatic renewal. The solution was extremely feasible for the client because she could take as much money as needed from the business line of credit and only pay interest on monthly payments, without any effects on her working cash flow.



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Business information
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Project details
If applicable, don't include rehab funds being requested at this point in the application. You'll be asked to include the rehab figure later.

PLEASE BE REASONABLE WHEN SELECTING CLOSING TIME. Timing effects your financing options. Usually, the less time we have to close your loan, the more expensive the financing options will be.
"Verifiable improvements" are those improvements that can be substantiated by paid contractor invoices or receipts (no sweat equity)
For the last 6 months.
For the last 12 months.
For the last 24 months.
Total.
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