Lines of Credit
Your On-Demand Cash Flow Solution—Ready to Support Your Business at Every Turn!
Business Term Loans at A Glance
What to Expect
Lines of Credit
Up to $1M
Repayment terms
6 to 36 months
Payment Options
Weekly, or Monthly
Available through
PCG & Our Finanacing Network
Lines of Credit 101
What is Lines of Credit
When it’s time to invest in your business, you need a loan that’s as reliable as your vision. Our Business Term Loans offer a straightforward way to access funding with predictable repayment terms and competitive interest rates.
How to apply for Business Lines of Credit
Whether you’re managing seasonal fluctuations, expanding your inventory, or handling emergency costs, a Business Line of Credit can keep your business moving forward. Apply today to unlock a world of financial possibilities for your business!
Benefits of Lines of Credit with Pennington
Flexibility
Use the funds for any business need—whether it’s working capital, inventory, marketing, or covering unexpected expenses.
Pay Interest Only on What You Use
Unlike a traditional loan, you only pay interest on the amount you draw, not the entire credit limit.
No Collateral Required
Many lines of credit are unsecured, meaning you don’t have to put up assets to qualify.
Build Business Credit
Responsible use of a business line of credit can help build and improve your business credit score over time.
Manage Cash Flow
Smooth out cash flow gaps, ensuring your business can cover daily expenses and take advantage of growth opportunities.
Boost Financial Control
Have peace of mind knowing you can tap into funds when necessary, without the commitment of a fixed loan.
Qualifying for a Pennington Lines of Credit
Before we begin the loan process, we ask that you meet a few basic qualifications. These requirements help our financing specialists accurately assess your eligibility and unique circumstances, allowing us to provide the ideal financing solution for your needs.
Time in Business
1 year
Annual Revenue
$250K
Credit Score
A Guide to Lines of Credit Requirements
Managing risks is a natural part of being a small business owner, and we understand that. That’s why we need to evaluate several key factors to gauge the health of your business and decide if taking on new debt is the right move. Here are the essential elements we assess and the reasons behind them:
Annual Revenue
Steady annual revenue is crucial in showing your business’s financial stability and capacity to handle payments. Our goal in Pennington is to ensure that any financing you take on won’t cause financial stress or negatively affect your business.
Personal Credit Scores
Personal credit scores give us a glimpse into how you manage debt personally, which can be an indicator of how you’ll handle business debt. If your credit score is low, connect with one of our financing specialists to explore alternative options that may be available to you.
Time In Business
Lenders favor businesses that have been operating for at least two years, as this indicates a higher chance of long-term success. A two-year track record allows lenders to observe sales trends, helping them determine the appropriate loan amount, terms, and repayment plans that will best support your business.
These criteria are just a starting point when evaluating loans for small businesses. A more in-depth analysis, which looks beyond the numbers to understand the full scope of your business, is often used to make final financing decisions.
Ready to Get Started?
Connect with a Pennington Business Financing Specialist to find out more
Discover Additional Financing Opportunities
Equipment Financing
It’s your fast pass to getting the gear you need without draining your cash flow. It’s a loan specifically for buying or leasing equipment, using the gear itself as collateral. Think of it as turning tomorrow’s profits into today’s productivity boost!
Purchase Order Financing
Get a financial jumpstart to fulfill big orders. A lender fronts the cash to cover supplier costs, so you can deliver without draining your pockets. Think of it as your secret weapon to say “yes” to that massive order, even if your bank account says “not yet!”
SBA Loans
Starting or growing your business? An SBA loan could be your golden ticket, offering lower down payments and super flexible terms. At Pennington Consulting Group, we’ve got the full package to cover all your business lending needs. With over $50 million in SBA funding secured, we’re the experts who make the SBA process smooth and get you the funding you need—no sweat!
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