Interest Only Bankroll Loan
The Interest-Only Revolving Line of Credit (IO-Bankroll) gives you the power to do more! Whether it’s financing a growth opportunity, an expansion project, a new location, higher labor costs, new equipment, or investing in new technology, IO-Bankroll is your solution. With LOW, interest-only payments for up to a year and approvals in 24 to 48 hours on amounts up to $1 million, our IO-Bankroll Revolving Line of Credit is unmatched. The 11-month revolving period gives you the flexibility to draw funds and pay down your principal balance as often as you need. Couple that with fixed terms up to 3 years and IO-Bankroll becomes a powerful tool for business growth and increased profitability.
IO-Bankroll Advantages
- Approvals from $200,000 to $1 Million in 24 to 48 hours.
- Minimum initial draw of 25% of the line’s approval
- Save Big! Pay only the interest on your outstanding balance for up to a year.
- Receive repayment terms up to 3 years with low, fixed payments.
- A revolving period of up to 11 months (48 weeks).
- Unlimited draws of $10,000 or more during the revolving period.
- Unlimited principal paydowns of $10,000 or more during revolving period.
- Every regular payment and principal paydown frees up line availability.
*Unlimited draws and partial principal payments are only available during the revolving period. This is not a guaranteed extension of credit. All draw requests will receive a desktop underwriting to ensure the merchant’s creditworthiness has not materially changed since the original loan was initiated. The merchant will be required to submit updated bank transactional data via PLAID or via paper statements prior to a draw request being funded. We will strive to fund all qualified draw requests within two business days of receipt.