A credit line hybrid offers a lower interest rate than a secured loan. With declared income, you can secure some of the largest business loans and credit lines, including 0% business credit cards. Additionally, the Credit Line Hybrid reports to business credit reporting agencies, enabling you to build your company’s credit in the process. This can pave the way for more funding without a personal guarantee in the future.
To qualify, either you need a high credit score or a guarantor with a strong credit record, specifically a FICO score of 680 or above. The credit line hybrid doesn’t demand financial statements. Often, you can secure a loan amounting to five times your highest existing revolving credit limit, up to a ceiling of $150,000.