Who This Is For
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Business owners with home equity
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Entrepreneurs seeking lowest rates
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Businesses that don't qualify traditionally
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Startups needing initial capital
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Owners comfortable using personal assets
Key Benefits
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Low Rates
7-11% typical
savings
Tax Deductible
May be deductible for business use
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Revolving Credit
Use, repay, reuse
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Large Limits
Based on home equity
Common Use Cases
Startup capital
Major business expansions
Purchasing equipment or inventory
Bridging funding gaps
Acquiring another business
Refinancing high-interest debt
Pros & Cons
thumb_up Advantages
- • Very low interest rates
- • Revolving access to funds
- • Interest may be tax-deductible
- • Large credit amounts
- • No business requirements
- • Flexible repayment
info Considerations
- • Your home is at risk
- • Requires significant equity (15-20%)
- • Personal credit required
- • Variable rates may increase
- • Closing costs (1-5%)
- • May affect home sale
compare_arrows vs. Unsecured Business Loans
- ✓ Significantly lower rates (50%+ cheaper)
- ✓ Larger credit amounts available
- ✓ Home at risk vs. no collateral risk
- ✓ Interest may be tax-deductible
- ✓ Longer approval but better terms
- ✓ Based on personal assets not business
Typical Terms
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Amount
$10,000 - $500,000+
schedule
Funding Speed
2-6 weeks
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Rates
7% - 11% APR
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Term Length
10-year draw + 10-20 year repay
Minimum Qualifications:
- check 15-20%+ equity in home
- check Credit score 620+ (700+ for best rates)
- check Verifiable income
- check Debt-to-income below 43%
- check No recent delinquencies
No impact to your credit score