Lyft Capital Business Lines of Credit
Secure the working capital you desire with the benefits and flexibility of a business line of credit.
Quick and Affordable Financing For Your Business:
- Funding up to $500K
- Competitive industry rates
- Simple 1 page application
- Same day approval process
Minimum Requirements:
- $250K annual revenue
- 650 credit score
- 2 years in business
Take on your next business challenge with a business
line of credit from Lyft Capital
Explore the benefits of a business line of credit. Access your credit line, whether it’s a small or substantial amount, precisely when your business requires it, for ANY business need. You’ll only make payments on the funds you utilize!
What makes a business line of credit worth considering?
Maintaining access to working capital is a prudent approach when managing a small business. In instances where you prefer not to deal with a sizable lump sum and the extended commitments associated with a small business loan, or when a business credit card isn’t the optimal choice for your business’s well-being, a business line of credit might be the perfect solution. With a streamlined application process, competitive rates, and adaptable repayment options, securing dependable and ongoing cash flow has never been easier.
Working Capital
One of the primary reasons businesses opt for a line of credit is to maintain sufficient working capital. It provides access to funds that can be used to cover day-to-day operating expenses, such as payroll, inventory restocking, and utility bills.
Flexibility
Unlike traditional loans with fixed monthly payments, a line of credit offers flexibility. You only pay interest on the amount you use, and you can repay and reuse the funds as needed within your credit limit.
Building Business Credit
Successfully managing a business line of credit can help establish and improve your business credit score. This can be beneficial when seeking larger loans or better credit terms in the future.
Cash Flow Management
Lines of credit can be used to manage cash flow effectively. For instance, if your business has a delay in receiving payments from customers, you can use the line of credit to cover immediate expenses.
Am I Eligible for a Business Line of Credit?
Eligibility for a Line of Credit might not be as challenging as you imagine! Depending on the amount you wish to obtain, there are only a few basic criteria to fulfill (perfect credit is not necessary), including:
- $250K annual revenue
- 650 credit score
- Established business credit
- 2 years in business
Business Lines of Credit – What You Should Understand
Running a business can introduce a great deal of unpredictability, encompassing unexpected equipment repairs, seasonal fluctuations, unforeseen growth spurts, and everything in between. However, when you secure a business line of credit through Lyft Capital, unpredictability no longer implies instability. You gain the flexibility to cover business expenses that exceed credit card limits or fall below the threshold for a small business loan, all while paying interest solely on the amount you utilize. Ensuring a continuous flow of working capital and maintaining financial stability, even during the most chaotic periods has never been more straightforward period.
How to Get Started ?
Step 1 : Applying for equipment financing with Lyft Capital is a breeze, and it should only consume about 5 minutes of your time.
Step 2 :Just complete our straightforward online application, and don’t forget to upload your vendor invoice at the end of the application process.
Step 3 :That’s all there is to it! After we receive your submission, a Lyft Capital equipment finance specialist will reach out to provide a decision or, if needed, to gather additional information about your business.
Step 4 :Once approved, your finance specialist will collaborate with you to set up a payment amount and plan that aligns perfectly with your business needs.
Our passion is helping you succeed
Lyft Capital is all about your business growth.
Why choose us
Choose us for unparalleled expertise, personalized solutions, and a commitment to your success. Experience top-notch support and strategic guidance for lasting results.
1.
Taking The Headache Out of Business Financing
Navigating the vast sea of business financing information online can be overwhelming. Identifying accurate information, trustworthy lenders, and the right financing option for your needs may seem like an insurmountable challenge. Our mission is to cut through the noise. With 15 years of expertise in small business financing, we have diligently kept pace with the ever-changing landscape. Our financing specialists possess comprehensive knowledge of each financing product, understanding how they work and the optimal scenarios for their application.
2.
Bridging the Gap Between Data and Human Insight
While we appreciate and leverage data, we recognize that businesses are driven by human decisions. Often, a purely data-driven approach may not be the most suitable course of action. That’s precisely why we adopt a consultative strategy when assisting small businesses in their quest for financing. We actively engage in listening to your unique situation, gaining a comprehensive understanding of your needs, and prioritizing your preferences regarding the type of funding you seek. Our goal is to put your mind at ease by guiding you to the most fitting financing solution for your business.
3.
Unveiling Financial Transparency
With Lyft Capital, there are no smoke and mirrors – what you see is what you get. Placing our customers’ best interests at the forefront, we uphold transparency in every aspect of the application and funding process. At Lyft Capital, our core principles revolve around transparency, fairness, and integrity. This commitment empowers business owners to make informed financial decisions, ensuring the prosperity of their businesses.
