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Frequently Asked Questions
At Eastern Capital Credit, we understand that choosing the right financing solution is an important decision for your business. Our Frequently Asked Questions are here to provide clear, helpful answers about our services, application process, and what to expect when working with us. Whether you’re exploring a business line of credit or considering other funding options, we’re here to make the process simple, transparent, and tailored to your needs.
We specialize in flexible business Lines of Credit, but also offer a full range of funding solutions including Merchant Cash Advances (MCA), SBA Loans, In-House Financing, Asset-Based Lending, and Consolidation Loans. Each product is designed to meet the unique financial needs of growing businesses.
A line of credit gives your business access to a revolving credit limit that you can draw from as needed. You only pay interest on the amount you use, and once it’s repaid, the funds become available again. This makes it ideal for managing cash flow, handling emergencies, or funding short-term growth opportunities.
Our application process is streamlined for speed. For most of our financing options, including lines of credit and MCA funding, you can receive approval within 24 to 48 hours. SBA and asset-based loans may take slightly longer due to their more detailed requirements.
Qualification depends on a combination of factors, including your business revenue, time in operation, and overall financial health. We offer flexible underwriting criteria and work closely with you to find the best fit—even if you’ve been turned down by traditional lenders.
Many of our funding options—including Lines of Credit and MCAs—do not require collateral. For larger or asset-based loans, we may use business equipment, receivables, or inventory as security, depending on the structure and amount requested.
Yes. Whether it’s covering payroll, purchasing inventory, upgrading equipment, launching marketing campaigns, or managing seasonal expenses, our funding is designed to be flexible and unrestricted in its use—so you can put it to work where it’s needed most.
We provide faster approvals, more flexible terms, and personalized support. Unlike traditional banks, we focus on real business needs—not rigid lending formulas—making it easier for you to access capital when it matters most.
Absolutely. We view our clients as long-term partners. Our team remains available to help manage your funding, adjust your credit line, and explore new financing options as your business evolves. You’re never alone in your financial journey.