Business Lines Of Credit
Line Of Credit Process
Applying
You or a financial expert from your organization fills out a brief business funding application and sends it to our team along with bank statements of the business over the last three months.
Qualifying
Our team will review the information you’ve provided. Generally, most inquiries get approved within a matter of hours.
Receiving
Receiving your new funding from Ace Funding Source can take 24 hours or less! If there are no hiccups in the application and qualifying stages, we can get the funds to you within 24 hours after approval. Our goal is to get your business funds into your hands as fast as possible. We will work with you to make sure that happens.
Reimbursement
Your line of credit will have a draw period and a repayment period.The draw period is the time that you have access to the capital.This stage might last up 10 years or more, depending on the details of your agreement. You will pay only when you withdraw funds from the line of credit. Once you pay back the funds, that amount is again available for you to access.
Frequently Ask Questions
A : There is no reporting to any credit reporting agency.
A : Businesses are typically eligible for renewal as soon as they are 50% paid back.
email: info@acefundingllc.com