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.
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.
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).