Home / Small Business Loans & Financing Options / Line of Credit by Plexe

Advertiser & Editorial Disclosure

Line of Credit by Plexe

Line of Credit by Plexe

Apply now

Line of credit product with weekly repayment options. Funding amounts can range from $10K- $250K, with your choice of either weekly, fixed % of monthly Revenued or invoice repayment frequencies, with Plexe allowing you to change payment frequency at ANY point during mid-repayment, spanning from 10 weeks to 12 month repayment terms. Not all industries are eligible.

Nav's Verdict

Cost

LowHigh

Effort to Apply

EasyDifficult

Funding Speed

MonthsMinutes

Repayment Terms

MonthsYears

Bottom Line

Line of credit product with weekly repayment options. Funding amounts can range from $10K- $250K, with weekly repayment durations spanning from 10 weeks to 12 months. Not all industries are eligible.

Pros

Choose either a weekly payment, or a % of monthly revenue in the event cashflow is going to be low in the coming months. Switch between fixed or percentage-based repayments at any time during mid-payback. Only one payment for multiple draws. Consolidate all previous withdrawals into one manageable schedule

Cons

Not available in Nevada, North Dakota, South Dakota, Tennessee, Puerto Rico, Hawaii, New York, and California. Must have $360K in annual revenue to qualify

Qualification requirements

Time in Business

In business for 1 year or longer

Annual Revenue

A minimum of $300,000

Credit Score

A minimum of 640

Apply now

Repayment Terms

Weekly payment frequency; 10-52 week repayment terms

Funding Speed

Same business day, if approved

Funding Amount

$10,000 - $250,000

Cost

2% Draw Fee; 4%-22% simple interest

Reviews

Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.

Advertising Disclosure

The credit card, financing and service products that appear on this site are from credit card, financing and service companies from which this site receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card, financing and service products or all available credit card, financing and service products. All images and trademarks are the property of their respective owners. Editorial and review content is the property of Nav, and has not been approved, provided, or reviewed by the company providing the credit card, financing, or service.

For complete information, see the terms and conditions on the credit card, financing and service issuer’s website. In most cases, once you click “apply now”, you will be redirected to the issuer’s website where you may review the terms and conditions of the product before proceeding. While Nav always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms – and before applying you should understand the full terms of products as stated by the issuer itself.

Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer.

Editorial Disclosure

Any personal views and opinions expressed are author’s alone, and do not necessarily reflect the viewpoint of Nav. Editorial content is not those of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Reviews are not provided or commissioned by the credit card, financing and service companies that appear in this site. Reviews have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.