It seems every time you turn around, new businesses are cropping up. In order to make your business stand out, help you get started, or even help it grow, it may be necessary for you to get an unsecured business line of credit. This kind of credit often has fewer strings attached to it than loans or even credit cards because you get to decide how to use it best within your business. The process can sometimes be confusing, but if you follow the steps below, you may find it goes more smoothly than you dreamed. If you do reach an impasse or need clarification, be sure to contact Hawkeye, and they will be sure to get back with pertinent answers in 24-48 hours.
Pre-qualification is the first step you will encounter. Hawkeye’s FICO certified professionals will perform a complete evaluation of your personal and business credit status. They will use simple but effective tools that will be easily explained to you. They will tell you if you are a potential good fit, or f you are not right from the beginning. They will not give you the run-around.
Your next step (if you qualify) is the initial consultation and lender preparation. They will run a thorough but brief credit check that can be done online or over the phone. Any problems can be noted and fixed. Generally, issues with your credit are mended within 30-45 days. If you are fortunate enough to have an unblemished credit record, you will find yourself going on to the third step with nothing further required.
The third step is when you are approved for a minimum of $50,000 line of credit. You should receive the complete amount (or most of it) within thirty days. It is comforting to know that for the duration of the line of credit, your interest rates will remain low. You will be treated fairly.