Usually, our first time clients don’t know that their businesses qualify for a real bank line of credit. Why is this? Our bank partners are looking to issue more credit facilities and we help our clients get placed with the right bank. Generally, 90% of our pre-approved applicants end up receiving a business bank line of credit. We see that these reasons below are the most common as to why a business won’t even apply for a line of credit.

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Never Tried to Apply

Maybe the most obvious reason for a business not having a line of credit is because the owner never formally applied for one. Seeing if you pre-qualify for a line of credit takes zero risk (we don’t even run your personal credit score). Without checking, how will you know if your business qualifies?

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