Get up to $250,000 in working capital to build and expand your optical instrument and lens manufacturing business.
It's risk free and doesn't affect your credit score
Purchase inventory and equipment
Invest in marketing & sales
Bid & win on larger contracts
The Idea Financial Line of Credit is the perfect financing tool for new projects and the constant changes in the optical instrument and lens manufacturing industry. Whether you are preparing to take on larger clients or simply need to update your equipment, our line of credit is the perfect financing solution.
Choose your desired repayment term, payment frequency and loan
amount to estimate your payment.
This calculator assumes a daily interest rate of 0.0658% and a draw fee of 2.00%. You may qualify for a credit limit of up to $250,000. Your actual interest rate, draw fee and credit limit may vary. Terms and conditions will be provided to applicants during the application process. All Idea Financial business credit lines are issued by Idea Financial.
Up to $250,000 to invest in your business growth. Draw from your line on command and receive funds as fast as today. Pay only for what you use from your credit line and enjoy up to 18-month repayment terms. Save with no origination, monthly or instant access fees.
Fast approvals, next-day funding
Pay early and save on interest
Every draw you make restarts your repayment period
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Save time with our fast, cost-free application process.
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We'll offer the best working capital solution for your business.
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Withdraw the funds you need, when you need them.
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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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
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.
We provide fast and flexible financing to businesses across the United States. Fill out our risk-free application, provide some basic information about your business and its owners, and we'll provide you with funding options. Reach out and meet our Business Advisors, they will be delighted to help you Charge Your Business Forward™.
Rates are determined after our credit review. We use cash flow information, personal credit scores, and other metrics to determine our rates.
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.
Once you sign your loan agreement, we will transfer the funds to your business bank account. If you use an ACH transfer, funds will reach your account within one (1) business day. For some local and regional banks, it may take longer for the ACH transfer to arrive. If you choose to wire funds, then the funds reach your account almost instantly.
No, there are no fees to keep your Idea Financial account open.
No. As long as your outstanding balance is zero (0), you can close your account at any time and at no cost.
Repayment periods vary from 6 to 18 months.
For your convenience, we process payments automatically on a weekly, bi-weekly, or monthly basis. Should you wish to make a payment in addition to your weekly, bi-weekly, or monthly payment, you can do so logging into your Idea Financial account online and submitting a payment. You can also call your Business Advisor.
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.
Tiffanni
Rebecca
Andy
Marcos
Not only do you get great business financing, you also get a dedicated business advisor to support you as you grow.
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 to us. Idea Financial™ is a registered trademark of Idea 247 Inc. All Idea Financial business credit lines are issued by Idea Financial. All products are subject to Idea Financial’s final approval. You may qualify for a credit limit of up to $250,000. Your actual credit limit may vary. Terms and conditions will be provided to applicants during the application process. Terms and conditions are subject to periodic review and changes, including credit limits and pricing reductions, credit limit and pricing increases, or account closures.
