Line of Credit Business Loan Financing Program

• Business or business owner with a bankruptcy in the last 3 years
• Business or business owner with current tax liens or taxes owed with no payment plan in place
• Business or business owner with unreleased judgments

Amount: $25,000-$150,000

Interest rate: Variable rate based on SOFR. Rates as low as SOFR + 9.99% (see chart below)

Loan Period: Interest only for one year.

Options at Maturity: Refinance to a term loan, renew or pay off.

Closing timeframe: 1 week

Payment frequency: Monthly payments, interest only

Prepayment penalty: None

The formula is really simple. The loan is based on the average bank statement balance and your current monthly debt payment. As long as businesses average bank balance is quadruple the monthly payment, we can help.

For example, if a business has an average bank balance of $12,000 and the current monthly payment is $2,000, we can add another loan of up to $1,000 per month.

• No collateral? No problem!
• Can take out a line of credit for multiple businesses at the same time
• Can fund businesses that show losses 

UCC filing on the business- Yes (This is standard for all business loans)

Personal guarantee- Yes

Business property lien- No

Personal home lien- No

All Radix needs for pre-approval

• 6 months of business bank statements
• A current business debt schedule
• Business owner’s driver’s license. ​

We don’t need financials or tax returns to fund!

• General working capital
• Purchasing inventory
• Hiring employees
• Refinancing business debt
• Debt Consolidation
• Marketing
• Dozens of other uses possible

Rates for the line of credit too high?

Please check out our Traditional SBA and SBA Express Loan options as well?

Please also check out our Lines of Credit to see for another, non SBA alternative.