If you own one of Delaware’s 1.3 million small businesses and are looking for a line of credit, you’ve come to the right place. Line of Credit Depot provides DE businesses true revolving lines of credit. We’ve arranged hundreds of credit facilities for businesses in Delaware. This has helped them; finance projects, hire staff, expand, buy equipment and navigate cash flow dips. Delaware has a population of 980,000, but has 1.3 million small businesses, how is this possible? Delaware has a tax system that gives businesses numerous ways to legally minimize their tax liabilities. Over 50% of all publicly traded companies are incorporated in Delaware, as are 67% of the Fortune 500.
What’s the hardest part about operating a small business in Delaware? If you're like most of our DE small business applicants, you agree that obtaining reasonably priced financing for the business is very hard. Why is this? Well, even banks want to charge the highest interest, that’s why you are asked to apply for business credit cards. Think about it, when was the last time you saw a ‘line of credit’ being offered by your bank?
The truth is that banks in Delaware do issue business lines of credit and we know which banks offer the best terms.
Whether you want access to 1 or multiple unsecured lines of credit, we have the knowledge and network to get it done!
The rates for a business line of credit in Delaware are like most other states. Ranging from 4% to 8%, these revolving lines of credit are issued by local and national banks. Most businesses in Delaware that are approved for a line of credit, never knew they could access such cheap money. There are thousands and thousands of Delaware businesses that could qualify for cheaper money than what they are used to. That’s why now is the best time to apply for a line of credit.
-Revolving Line of Credit allows you to access cash when you need it.
-With rates as low as 4%, these credit lines are cheaper than most credit card companies.
-Your business doesn’t have to borrow expensive MCA’s (merchant cash advance) to finance operations and cash flow dips.
-You can keep your current business bank account at your current bank.
-Line of Credit Depot has the largest network of local and national banks in Delaware, so your business gets paired with the best programs...even if your company doesn’t operate physically in Delaware.