We will help you compare rates, benefits, and show you the flexibility of our loans
Business line of credit with limits of up to $250,000
Pay for what you use
We look forward to working with you and helping you Charge Your Business Forward™.
We will help you compare rates, benefits, and show you the flexibility of our loans
Business line of credit with limits of up to $250,000
Pay for what you use
Receiving fast approval and funding helps you invest in your business from day one. With up to 18-month repayment terms, payments belonging to a single payment schedule, and each payment replenishing your available credit, you are in command of your investments.
Every draw you make restarts your repayment period
No origination fees or pre-payment penalties
Pay early and save on interest
Take on investments confidently and with perfect timing. Whether it's several projects at once, restocking while you wait for payments, hiring more personnel, and much more. The Idea Financial Line of Credit is designed to be versatile to help you take on the opportunities that come your way.
Receiving fast approval and funding helps you invest in your business from day one. With up to 18-month repayment terms, payments belonging to a single payment schedule, and each payment replenishing your available credit, you are in command of your investments.
Every draw you make restarts your repayment period
No origination fees or pre-payment penalties
Pay early and save on interest
Minimum Time in Business
Personal Credit Score
Business Monthly Revenue
Not a Sole Proprietorship or Non-Profit Entity
2 or more years in business
$15,000 or more in monthly revenue
650 or higher personal credit score
Not a sole proprietorship or non-profit entity
Save time with our fast, cost-free application process.
We offer the best working capital solution for your business.
Withdraw the funds you need, when you need them.
2 or more years in business
$15,000 or more in monthly revenue
650 or higher personal credit score
Not a sole proprietorship or non-profit entity
No origination or annual fee
Doesn't affect your personal credit
Paperless application
Quick approval and funding
Build business credit
Dedicated business advisor
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Our 3 step application form takes less than 1 minute to complete.
Subject to status, you will receive a same day decision.
Funds should be accessible within 24 hours.
Rafael
Julian
Milo
Kyle
Our dedicated team of business advisors wants to see your business grow with the right financing options.
Rafael
Julian
Milo
Kyle
We're a team of experienced business advisors and financial services professionals who understand the challenges of running a business. We came together to create funding solutions tailored to you that empower you and your business.
We’re a team of experienced business advisors and financial services professionals who came together with an idea: to create funding solutions that empower you and your business. We offer a business line of credit and a term loan. Stay tuned for more financing products.
Our line of credit is a truly revolving, credit line with no annual fees and no repayment penalties. This means that you can withdraw funds and make payments as needed with interest accruing daily on any outstanding balance. Payments are due weekly, bi-weekly or monthly and are setup so that you repay the amount owed over long repayment terms, which makes your payment amount low. Every time you make a draw, your repayment period starts all over again, giving you the ability to see even lower payments.
Interest is calculated daily on the amount owed (i.e. the outstanding balance on your Idea Financial Line of Credit account). We apply the daily interest rate to the outstanding principal to arrive at the daily accrued interest. If there is any accrued interest, when you make a payment we apply the payment amount to the accrued interest first, then to any outstanding balance. The more payments you make, the lower your balance would be and the lower your interest cost would be as well.
You will be able to draw funds by logging into your Idea Financial account online and submitting a draw request. You can also call your Business Advisor.
We have credit limits of up to $275,000. As a rule of thumb, you can draw funds up to your credit limit minus any outstanding balance. If your credit limit is $275,000, and your balance is zero (0), you can draw $275,000. You can draw as many times as you would like, as well, as long as you stay within your credit limit.
You may be eligible for another term loan once your current loan is paid down by 50%. Reach out to your Business Advisor to find out how you can access more funds.
You can see a history of all transactions on your account by logging in to your Idea Financial account online. You can also download the list of transactions.
Repayment periods vary from 6 to 18 months.
Idea Financial offers a quick and efficient paperless application process broken down into three steps.
You can start your risk-free application here. Applying does not affect your credit score.
We use advanced encryption to keep your information safe in accordance with our Privacy Policy.
You agree that Idea 247, Inc. (“Idea Financial”) or its representatives or agents may call, text, or email you at the number and/or email provided above. You may opt out of receiving communications of your choice from Idea Financial as provided in the Privacy Policy. By clicking Get Started you agree to our Terms of Service and Privacy Policy.
By submitting your Credit Application (the “Application”) to Idea 247, Inc. (“Idea Financial”), you represent to Idea Financial, its agents and assignees, and you acknowledge and agree that (i) if the Application is by a company, you are authorized to apply on behalf of the company whose full legal name appears above under the Business & Personal Information portion of the Application for credit from us, (ii) the loan requested by the Application will not be used for any illegal or prohibited purpose, (iii) all information you provide within the Application and other supporting documents is true, complete and correct as of the date of the Application and (iv) Idea Financial may continuously rely on the information contained in the Application and you will notify us of any material changes to such information.
You understand and agree that Idea Financial and its agents and assignees are authorized to contact third parties to make inquiries in evaluating the Application, including, but not limited to, consumer or personal, business and investigative reports, and other information about you, including credit card processor statements and bank statements, from one or more consumer reporting agencies, such as TransUnion, Experian and Equifax, and from other credit bureaus, banks, creditors, or other third parties.
You understand and agree that the information provided within the Application may be provided to third parties to use the information for any lawful purpose, including for the purpose of offering credit and/or other products and services to the signing individual(s) and/or the company.
You further understand and agree that Idea Financial may transmit the Application, along with any of the foregoing information obtained in connection with the Application, to any or all of Idea Financial’s agents and assignees, including prospective agents and assignees, for the forgoing purposes.
The data you provide to us is used to find the best financing solution for your business and it is stored according to our Privacy Policy. We use advanced encryption to ensure your information is secured.
