Unsecured Lines of Credit:
Businesses that have been in existence for three years or more with a strong credit profile may be eligible for up to $ 50,000 through our fee-based, revolving line of credit that does not require collateral. Personal guarantees of all business owners are required. Proceeds can be used for any short-term business purpose and the unsecured line of credit may be in addition to other secured lines in existence. The application process is quick and simple. Repayment terms are flexible.
Secured Lines of Credit:
Dynamic also assists New England businesses in obtaining secured lines of credit. These revolviing loan agreements are intended to help companies bridge the short-term gap normally associated with producing or buying their products and collecting from customers. They are also excellent products for funding growth. In most cases, the lines of credit are collateralized by accounts receivable, inventory and other business assets. Most secured lines rerquire personal guarantees.
All of Dynamic's line of credit products are fee-based: that means we charge an application fee to offset the costs of packaging and submitting your request and we charge a placement fee upon approval. Pricing for lines of credit are highly competitive and our fee structure is designed to maintain that pricing advantage.