No Doc Business Line of Credit: What It Is and Where to Get One

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What Is a ‘No Doc’ Business Line of Credit?
Secured vs. Unsecured Lines of Credit
Types of ‘No Doc’ Business Lines of Credit
Merchant cash advances Invoice factoring Business credit cards
Pros and Cons of ‘No Doc’ BLOCs
Lenders Offering ‘No Doc’ Business Lines of Credit
AdvancePoint Capital
Amount: up to $250,000 Terms: up to 12 months Credit score: from poor to excellent
Sunwise Capital
Amount: up to $250,000 Terms: six to 12 months Credit score: 600+ personal FICO® Score
Fundbox
Amount: up to $150,000 Terms: 12 or 24 weeks on basic account plan Credit score: 600+ personal FICO Score
OnDeck
Amount: $6,000 to $100,000 Terms: 12 months Credit score: 600+ personal FICO Score
Business Advance Funding
Amount: $5,000 to $500,000 Terms: Usually four to 12 months Credit score: bad credit OK
Are ‘No Doc’ Business Lines of Credit a Good Idea?
The Takeaway
Frequently Asked Questions
SOLC20064
About the Author
Susan Guillory is the president of Egg Marketing, a content marketing firm based in San Diego. She’s written several business books, and has been published on sites including Forbes, AllBusiness, and Cision. She enjoys writing about business and personal credit, financial strategies, loans, and credit cards. Follow her on Twitter @eggmarketing.
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