Tap your home equity to finance your business ventures
Figure offers a fast and easy way to turn your home equity into cash, up to $750k5: Navigates to numbered disclaimer. Using a HELOC for your business could offer a lower interest rate than with a traditional business loan, plus as you pay down the loan, you have the opportunity to redraw on the open line of credit at a fixed interest rate.1: Navigates to numbered disclaimer
Why get a HELOC versus a Small Business Loan?
Most small business lenders require cash flow to support repayment of the loan, so it can be difficult for small businesses to qualify for business loans in their first year. Instead, they have to rely on other forms of financing.
Your home is used as collateral to secure the loan.
A HELOC is easier to qualify for than an unsecured loan that doesn't have an asset attached to it.
A HELOC could come with a lower interest rate.4: Navigates to numbered disclaimer
Figure Offers Fixed Rates1: Navigates to numbered disclaimer
Get up to $750,0005: Navigates to numbered disclaimer
Homeowners who have a good amount of equity in their home might be able to tap their equity for a large amount of cash. Figure offers the fastest way to turn your home equity into cash.
Funding in as few as 5 days2: Navigates to numbered disclaimer
Our application is fast, easy, and all online. No in-person appraisal needed. Get approval in 5 minutes and turn your home equity into cash to fund your business with funding in as little as 5 days.