Apply now and receive up to $10,000,000 dollars in a business line of credit.

What is an "Unsecured Business Line of Credit"?

It is a line of credit not secured against the your personal assetts.  The line of credit is lent on the merit of your combined business and personal credit.  Since no collateral is involved in securing the note, we do require you to sign as the personal guarantor.   

 

The process is simple for getting the line is simple.

1) Complete the online application
2) Submit the required paperwork - instructions will be emailed to you after completing the application.
3) Sit back, relax, and let us do the rest.

 

 

Business Line of Credit Benefits:

Our unsecured business lines of credit have many advantages versus the traditional bank loan, like no personal collateral required and interest only option for the term of the loan.

How can I use the funds?

Once you are approved for our unsecured line of credit , you will be supplied with a checkbook that you can use just like you would with your business checking account.  How you use the money is your choice.

 
 Consolidate Credit Card Debt 
  
 
 Advertising & Marketing 
         
 
 Equipment Purchses
  
 
 Inventory Purchases
         
 Remodel
  
 
 Second Location
         
 Pay Bills
  
 
 Taxes
         
 
 Emergency Funding
  
 
 You Decide!
         

 

Ok, how can I apply?

Applying for an business line of credit is very simple because there's not much paper work needed and you may be approved in less than 48 hours. Have one of our specialist get in touch with you today! Fill out our Fast and Simple online form .

 

Frequently Asked Questions

What documentation is needed for a full doc line of credit?


  • Online application
  • Copy of business tax returns - front page only
  • Signed fee agreement
  • Signed Borrower’s Authorization
  • Photo Copy of drivers license
  • Proof of Business
  • Personal Financial Statement

 

 How much is a reasonable amount to request for a fully documented line of credit?

 

  • A good benchmark is 15% - 20% of the business’s gross sales.

 

Is there an application fee associated with an unsecured business line of credit?

 

  • CBS charges a small application fee depending on the size of the loan.
  • A majority of the fee is waived if the application is denied in the pre-underwriting process.

 

How can I find out the status of my loan?

 

  • Your CBS account manager will send you an regular updates.  If you need to have other updates please contact your CBS account manager.

 

What kind of turn around time on an unsecured business line of credit can I expect?

 

  • On average, it takes 4 weeks for the loan to fund from the date the application is received by CBS.  However, depending on the banking season and the complexity of the loan request, it may take up to 6 weeks.