A term loan is a funding arrangement typically used to fund major capital expenditures. Term loans often unsecured and rely on the creditworthiness of the borrower.
Fix and Flip Loans
Renovation loans that are similar to construction loans with proceeds used to acquire and renovate property for a quick sale. Programs for first-time flippers, construction, and credit lines for experienced flippers are available.
Line of Credit
A business line of credit is similar to personal lines of credit like credit cards. You would be granted you access to a specific amount of financing but would not make payments or incur any interest until you tap into those funds. A line of credit can be either unsecured or secured (typically by inventory, receivables or other collateral).