DAC Loan Programs

Finding the right financing solution for business owners around the country can be tiresome. 

So many various options, terms, and requirements accompany a funding decision 

which means research is crucial to making the right decision. 

Successful businesses need loans in their toolbox, but how do you find the right ones? 

And better yet, how do you qualify for the option that best suits your business needs? 

Business credit lines are flexible financing, like business credit cards. 

These revolving financial tools are akin to a bolstered version of a business banking account. 

This allows for recurring borrowing within a pre-approved limit, providing the cash flow necessary for both operations and growth opportunities. 

Unlike a term loan, which provides a lump sum of cash up front that is repaid over a fixed term, a business line of credit is much more flexible. 

For example, you can draw on a pool of funds as needed up to your maximum credit line limit.

Good Personal credit of the business owner plays a minor role in determining what loans small businesses can be approved for by our loan applications. 

As a business owner, it is true, the better your personal credit is, the more funding options you will have to choose from and the easier it will be to qualify.

However, it’s essential to know that not all financing offers involve a personal credit check, and the credit score isn't everything. 

 If your poor credit history is holding you back from getting financed by traditional lenders, we’re here to be the bearers of good news—it doesn’t have to. 

Luckily, there exists a wide range of special business financing you can take advantage of today. No doubt it’s easier with great credit, but there are options to get a small business loan with poor credit. 

At Potomac Mutual Trust, acquiring a small business loan with bad credit, no matter what level your personal FICO credit score is possible.