Power Line of Credit
The DreamSpring Power Line is a fixed-rate, 24-month revolving line of credit that business owners can use to fund business needs and goals as they emerge during the course of normal business operations. The line is generally unsecured, but collateral can be applied for a potential interest rate discount.
Line of credit range¹: $1,000 to $50,000
Revolving term: Up to 24 months
Interest rate: 13.5% - 24%
Credit score: 600+
Community benefit fee: 2% - 10% (due at origination)
APR²: max of 36%
¹In certain states, minimum loan amounts may be greater than stated.
²Annual percentage rate (APR) is the cost of borrowing money expressed as an annual rate, including all interest and fees charged.