Unsecured Business Line of Credit
Janus Commercial Finance accesses a diverse investment portfolio and offers corporate credit lines from $100,000 with up to $6,000,000.
- Unsecured lines available in $100,000 increments with a maximum line of $2,000,000
- Secured lines available in up to $500,000 increments with a maximum line of $6,000,000
- Funds are immediately accessible
- Interest only payment
- Upfront fees will not exceed $175
- No income documentation (Stated Income) available
Lending Guidelines
Full documentation secured lines require 680 middle personal credit score. Unsecured lines require 700 middle personal credit score.
No income documentation requires applicant to have significant net worth and 720 middle personal credit score
Minimum of 2 years in business. All types of businesses will be considered. Acceptable business structures include LLC, sole proprietorship, corporation and partnership.
Full documentation loan requirements.
- 3 years federal tax returns for personal and business
- Personal and business financial statements
- Personal Guarantee
No income documentation
- Personal and business financial statements
- Personal Guarantee
Frequently Asked Questions
- How much unsecured money can I borrow?
$100,000 - $2,000,000
- What type of security is acceptable?
Commercial buildings, personal residences.
- What is the interest rate on these loans/lines of credit?
The interest rate is based on prime and can vary depending on your credit situation usually prime minus 1 to prime plus 3. Higher risk loans will be higher.
- What are the up front costs?
$159 upon submission which includes credit check. Our loan consulting fee varies based upon the loan amount but is not charged until the loan funds.
- How long does the process take?
48 hours for credit analysis. Two weeks to closing. It can take longer or shorter depending upon how quickly you work with us through the application process.
- Are there any pre payment penalties?
There are no pre-payment penalties.
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