Not all banks are created equal. Some banks are more geared towards serving individuals with banking. Other banks are only commercial lenders. If you are looking to raise capital for your business, your success for actually getting bank financing starts with applying with the correct bank. We only work with ‘small business friendly’ banks and these banks specialize in securing our clients with lines of credit.

When you started your business and initially formed your business checking account, did you think about a line of credit. Most people would say that they didn’t, simply because they were focused on starting their business and probably betted on shouldering most startup expenses personally. When you are looking for a line of credit, most people start at their own bank. And most people get immediately declined from their bank for a line of credit. Most likely, this is because their bank would rather issue credit cards instead of a low interest rate line of credit. 

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There are over 4,377 commercial banks in the United States with tens of thousands of branches and not all offer lines of credit. Even those banks that do, may not be able to approve your unique business. For example, some banks have minimum credit or revenue requirements. Line of Credit Depot holds the key for Unsecured Business Lines of Credit. With one application, you can access hundreds of banks that want to issue your business a line of credit.

If you have tried to get approved for a business line of credit in the past and the bank came up short, the denial may have more to do with the bank where you applied and NOT your business’ credit worthiness. Give it a shot and apply with us, Line of Credit Depot.com.