Is A Business Credit Card the Right Choice for You?

While many business owners focus on traditional funding sources such as bank loans, lines of credit, SBA loans, or borrowing from friends and family, they may not realize that one of the most beneficial options is obtaining unsecured credit cards with check and wire capabilities. And the best part? For the first 24 months, the interest rate is often 0% APR.

Multifund Inc. works with both national and regional banks to match businesses with the best credit options based on their unique needs. Just to clarify, Multifund Inc. is not a direct lender, but a matching platform designed to connect business owners with the right financial institutions.

For many Multifund Inc clients, funding typically ranges from $50,000 to $2.5 million, with those having exceptional credit profiles sometimes getting approved for more. The average funding amount for recent clients is around $55,000 to $$1 million, often spread across multiple cards from various banks.

Key Benefits of Multifund Inc.’s Program

• 0% APR Introductory Rate
  For the first 24 months, enjoy a 0% APR, which is incredibly hard to beat. After the introductory period, the rate becomes the standard rate offered by the issuing lender, which depends on the credit profile.
• Revolving Credit Facility
  Revolving lines of credit, meaning once you pay back the borrowed amount, it’s available for use again. This flexibility is a key advantage over traditional loans, which only provide a one-time lump sum. With revolving credit, you can access funds as needed, making it ideal for businesses with recurring expenses.
• Building Relationships with Lenders
  By working with multiple lenders, you’re establishing ongoing relationships that can lead to more favorable terms on future financial products. This can open doors to additional funding options as your business grows.
• Increase Approval Odds
  While it’s possible to apply for credit cards on your own, Multifund Inc.'s experts dramatically increase the odds of approval by finding cards most suited to your specific needs. The process can be time-consuming and complicated, and many banks offer a wide range of cards that aren’t a match for your profile. Multifund Inc. simplifies this process to improve your chances of success.
• Get More Than You Need
  While it might be tempting to ask for only the exact amount you think you need, businesses often face unexpected expenses or growth opportunities. Accepting additional funding could help cover unforeseen costs or support the business as it grows. Additionally, having more available credit can help maintain a healthy debt-to-credit ratio.

Multifund Inc.’s 3-Step Underwriting Process

1. Verbal Profile Review
   A brief conversation with the business owner provides an overview of the business and its funding needs.
2. Credit Review
   Multifund Inc. conducts a free credit review, at ZERO impact to your credit score, (Credit Karma and Experian) to assess the business’s credit profile.
3. Business Review
   If the credit profile meets the necessary criteria, a deeper conversation with the business owner helps confirm that the program is a good fit for their needs.