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GoKapital Expands Its Portfolio of Loan Programs by Offering Business Lines of Credit

The company's CEO explains the benefits to business owners of this innovate non-bank financing alternative.


News provided by

GoKapital, Inc.

Oct 04, 2018, 07:30 ET

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MIAMI, Oct. 04, 2018 /PRNewswire-PRWeb/ -- GoKapital, an alternative business lender based in Miami, Florida, has announced the launch of a new loan product available to business owners in all 50 states. Their revolving business line of credit program offers $20,000 to $250,000 to established businesses.

By introducing this low rate financing option, GoKapital continues to help entrepreneurs obtain the working capital they need to succeed.

"As your business grows, so does the amount available on your credit line. This is a great option for businesses that need access to on-demand funds for the purchase of inventory, equipment, supplies or any other expense.”

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We asked Chris Moreno, GoKapital's CEO, about the advantages of obtaining a revolving line of credit:

"GoKapital offers a variety of commercial lending programs to fit the needs of all businesses. And with our new line of credit program, we've streamlined the application process to approve you within 24 hours, while still offering rates that compete with your bank - all without the red tape. Since it is a revolving line, you are able to draw on available funds as needed, and only pay for what is used. Furthermore, as your business grows, so does the amount available on your credit line. This is a great option for businesses that need access to on-demand funds for the purchase of inventory, equipment, supplies or any other expense."

The requirements for pre-qualification are simple, as long as you meet the following criteria, you may qualify for a GoKapital business line of credit:

1 Year in Business
630 credit score and above
$250,000 in Gross Annual Revenue

Their Line of Credit offers:

Loan amounts from $20,000 to $250,000
Terms up 12 months
Simple Interest Rates Averaging from 6% to 18%
Early payment discounts (save on interest)

GoKapital's online application process is fast and simple. After applying online, all they need are the last 4 months of business bank statements. Once approved, funds can be accessed immediately, or drawn upon as needed.

For more information on GoKapital's business lines of credit, visit https://www.gokapital.com/business-line-of-credit/

About the Company:
Founded in 2013, GoKapital is a financial technology company that offers a wide variety of business loan products nationwide, including equipment financing, commercial mortgages, revenue-based loans, hard money real estate loans, SBA loans, and now, lines of credit. With approvals typically issued within 24 hours, and an easy-to-use online lending platform, GoKapital can help you qualify for the loan you need. The company has an A+ rating with the Better Business Bureau, hundreds of active referral partners, and thousands of satisfied customers.

Press contact:
Oliver Moreno
866.257.2973
[email protected]
https://www.gokapital.com/ 

SOURCE GoKapital, Inc.

Related Links

https://www.gokapital.com/

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