Chedr provides a business line of credit of $75,000 to $150,000 with an interest-only period before amortizing repayment.
Credit lines run $75,000 to $150,000 on 18-month terms, with six months interest only at 5 percent before twelve months of amortization and early payoff options. Interest accrues daily, with weekly or monthly payments.
Chedr LLC, a sister company, delivers the product under its own terms. Qualifying businesses need two years in operation and a 680 FICO score, and approved lines fund within days.
| Attribute | Business Line of Credit by Chedr | Business Line of Credit by Bluevine | |
|---|---|---|---|
| Provider | |  | |
| Founded | 2018 | 2013 | |
| Ownership | Venture-backed | Venture-backed |
Provider
Founded 2018
Ownership Venture-backed
Provider
Founded 2013
Ownership Venture-backed
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Expert reviews and comparisons of business lending and equipment financing providers (Fundbox, OnDeck, Credion, Crest Capital, etc.).
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MercadoLibre