New Product Announcement
Cast Capital is unveiling a new line of credit product for American small businesses. With this subprime product, Cast will be able to offer businesses access to a predetermined amount of credit.
After trial testing this program, client feedback has been highly positive. Head of product development, Matthew Elling states, “We want this Line of Credit product to be the new face of alternative lending. Unlike ‘fixed payment term loans’ (cash advances), this product charges true interest rates. You only pay interest on the time money is used. We encourage clients to apply for a line of credit because, not only does it boost your credit score by making payments, but it puts the power of financing in your hands.”
Currently Cast is affording the Line of Credit program to current clients. General availability is scheduled for Early 2017.