Typical FlexLine clients include bricks-and-mortar business owners that accept credit and debit cards as payment and have been in operation for at least two years.
Just a few ways FlexLine can help your business:
Because we take a small percentage of your credit and debt payments, your payment adjusts depending on your daily sales. If business is booming, you'll pay your FlexLine back faster, if business is slower, you pay us back slower. That gives you the cash flow and flexibility your business needs.
Getting a FlexLine is quick and painless compared to applying for traditional loans or lines of credit. No mountains of paperwork are required and approval can take as little as two days.
Unlike traditional banking loans and lines of credit, FlexLine approval is based on your overall business health. A credit check is just a small part of the approval process and poor credit ratings aren't usually a barrier. Your FlexLine won't appear on your credit report, so funding has no impact on your debt-to-income ratio or your ability to apply for financing from other sources.
You can use the funds for any kind of business expenditure including renovations, expansions, purchasing new inventory, promotions and marketing, catching up on bills and so much more.
The easy pay business line of credit that gets Canadian companies working.