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Country Line of Credit
Exclusively for Career Financial Representatives
- Credit lines up to $20,000, no setup fees
- Issuance is not guaranteed.
Production levels, credit history, and income are used in the underwriting and pricing process. One or more of the following is required for income documentation: three years of commissions, tax returns, proﬁt & loss statements and/or business ﬁnancials.
- Payments must be Commission Deduction at 3% or 4% of the balance outstanding.
- Rates can vary and will be Prime + 2% to Prime + 4% based on underwriting criteria. The rate can never go lower than 6.5%.
- Minimum Advance is $500
- 3-Year Term length may be paid off or applied for a renewal of an additional 3 years.
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