AMP Advance

Business Lines of Credit

Do you have a credit score of 560 or higher? If so, a business line of credit may be your best form of financing. Business lines of credit provides small business owners with funds to draw on as they deem fit. A business line of credit is a product that provides a cash cushion on an approved mount that can be used with no restrictions, as needed, in which you only pay on what you use. Business lines of credit's advantage is that it is a product that provides peace of mind. There is no required timeframe to use the capital and interest is solely charged upon funds that were pulled. This is a revolving product, being that all principle paid, gets added to the overall available balance.



Loan Amount


Loan Term

1-2 Year Maturity Date

Payment Frequency


Interest Rate

8% - 24%

Time to Funds

1 - 4 Weeks



  • Interest is paid solely on funds drawn
  • Credit when you need it
  • Fits all business types and industries
  • May require collateral
  • Interest rates are correlated with credit score
  • Personal guarantee required


A business line of credit is a useable credit amount provided by a funder in which the money is to be used freely, when needed. Monthly payments on the business line of credit initiate once credit has been drawn.

Who Qualifies?

Most sources require an active business checking account and for you to provide financial documents from the previous 2+ years. There are numerous qualification factors but most important is the credit score of the small business.

What Businesses Are Business Lines of Credit For?

Business lines of credit are for any small business owner seeking to have access to funds when they are needed. Not to be mistaken for business credit cards, lines of credit are a good option to balance the peaks in valley in business. Business lines of credit provide the peace of mind for qualifying businesses who have the proven history of repaying loans.

How Much Do Lines of Credit Cost?

Business Line of Credit Loan Calculator Business Lines of credit rates range roughly from eight to twenty-four percent. Business lines of credit rate's are correlated directly with credit scores, the better the score the lower the rate will be. Small business owners with 680+ credit see rates as low as prime +. If you are dealing with less than par credit, non-traditional business loans may be your best option but keep in mind they have slightly increased rates.

Who is AMP Advance?

AMP Advance is a Miami based industry leading direct funding source out of Coconut Grove, Florida. We help those who are in need of small business financing by providing web based financing options & funding solutions. Our solutions assist small business owners find matching opportunities while assisting small business owners improve their overall financial situations. AMP Advance provides small business loans, business lines of credit, accounts receivables financing, equipment financing, unsecured business loans, and revenue based loans to millions of small business owners nationwide.

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