A line of credit is an arrangement between the lender and business owner, where a number of funds are made available for use at any time. The Business owner can draw from this Line of Credit, in any amount he or she pleases, and only pay interest on that specific amount. Unlike traditional loan structures, this gives the business owner access to more dynamic working capital that they can tailor to their specific needs, prepare for unpredictable moments, as well as plan for the future.
The term length stretches to 2 years on a monthly payment structure. In the case that you have remaining balance at the end of the 2 years, the balance will be converted into a low cost long term loan.
The approval amount ranges from $50K - $250K depending on the historical volume of revenue over the last 2 years. Any specific amount can be drawn and utilized.
Depending on how fast we can collect the needed documents for an approval, the time till funded (TTF) is about 1 to 2 weeks.
Cast Capital provides your business with access to affordable capital to fuel your business growth through a variety of loan programs ranging from lines of credit, term loans, SBA loans and more. With our unmatched customer service and skilled financial specialists we are able to custom fit programs to your businesses specific needs like no other company in this industry.
Not only do we provide the funds for your business to scale, take on a larger project, or push through a slower season, but we also strategize with you on your use of funds to have a direct impact the success of your loan. We are in it for you, and ultimately want you to continue using us a partner and resource.
We believe your success is also our success.
We understand that sometimes your business isn't the most qualified, or your personal credit history has deterred you from getting affordable financing. Once onboarded as a client, we work with you hand in hand to restore your personal credit score to a healthy place so that you may gradually qualify for better programs.
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