Glossary

FundKite Glossary of Business Finance Terms.

Secured Line of Credit

Where there is an asset used as collateral to secure a loan. If borrower doesn’t repay the debt according to the terms, the lender can take the asset from the debtor. The assets usually used are cars, equipment or homes.

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1. Our products are purchases of account receivables and are not business loans.

2. FundKite can approve you in as little as 2 business hours for up to $2,000,000 when we are able to obtain your business data and verify your bank account.

3. Once final approval is made funds will be available in your account within 24 hours.

The information provided through FundKite does not constitute legal, tax, financial or accounting advice, and should not be considered a substitute for obtaining competent personalized advice from a licensed professional. You should seek professional advice before making any decision that could affect the financial health of your business.