Bank Lines of Credit

Global Business Financial Services

Has made it easy to secure your Bank Line of Credit

What is a Bank Line of Credit?

GBFS bank line of credit provides you with access to funds to spend, as your company needs. You are able to withdraw exactly according to your business need and will only pay interest on the funds that you use. You are never obligated to withdraw the entire credit line amount.

GBFS helps you fine the perfect loan with ease, all with one simple application

Name*
Company*
Phone*
Email*
Loan information:
Loan Amount*
Duration(term)*
Closing Deadline
Reason for Deadline
Lien information:
Amount of Existing First Lien
Amount of Other Liens
Collateral information:
Collateral Type*
Number of Units*
Total Square Footage*
Address*
Street Address City State / Province / Region
Purchase Price and Purchase Date (if refi)
MM slash DD slash YYYY
“As Is” Real Estate Value*
Date of “as is” appraisal/bpo
MM slash DD slash YYYY
Net Operating Income (NOI)*
Capital Expenditures since purchase ($)*
Vacancy (%)
Guarantor(s) Information
Net Worth of Guarantor(s)*
Estimated liquid assets of Guarantor(s)*
FICO Score of Guarantor(s)*
Guarantor(s) cash investment in collateral – current or proposed*
Use of Proceeds, Please provide a concise description, a few sentences, on the Use Of Proceeds (i.e., discuss: acquisition, refinance, site improvement, tenant improvements, planning, design/permitting, carry costs and etc..)*
Exit Strategy, Please provide a concise description, a few sentences on the Exit Strategy (e.g. discuss prospective buyer, prospective permanent financing). Global Business Financial Services will require a borrower that has thought through multiple & viable exit strategies.*

How Does a Bank Line of Credit Work?

A bank line of credit functions more similarly to a credit card than a small business loan, providing more flexibility than any other funding type. The benefits of a business line of credit make it a preferred funding option for many business owners, offering you the chance to:

Use revolving funds

Bank lines of credit provide businesses with an approved credit limit that you are free to borrow from, on your own terms, on a rotation basis.

Improve cash flow management

A bank line of credit is not limited to one specific purchase or purpose. Spend the funds and reuse them on an as-needed basis, making payment on the used portion of the credit line.

Raise your credit score

Make your payments on time and raise your score over the lifetime of the small business line of credit

Small Bank Line of Credit Qualifications

Time in Business

6+ Months

Annual Revenue

$200,000+

Credit Score

575+

How Do I Apply for a Bank Line of Credit?

After you decide whether you would like to proceed with a traditional bank or online lender, you can get started with the bank line of credit application process.

Your application could include more or fewer documents, depending on the lender that you choose.

While we have come to expect a comprehensive application from traditional banks, online lenders usually offer a more streamlined process which is often preferred by business owners looking to move quickly.

This is because banks typically offer longer-term options, and they want to fully vet borrowers before offering a business line of credit approval.

Some documents you may need are:

Profit and Loss Statement

Credit Card Processing Statements

Voided Business Check

Driver's License

GBFS get you to “yes” under 24hrs
About 95% of the applications we refer to our banks partners are funded
GBFS help you fine the right loan
Whether it’s an SBA or Bank term loan, we work with you to get the right loan for your business
GBFS keep your information safe with
upto date data encrypted technology
Our bank-level, 256-bit encryption protects your privacy and keeps your data secure

Global Business Financial Services