A revolving line secured by Montana real estate you already own. Draw what the business needs, pay interest only on what you use.
A business line of credit is revolving financing secured by real estate. Instead of borrowing one lump sum, you are approved for a limit and draw against it as the business needs money. Pay the balance down and that availability is there to use again. You pay interest only on what you have actually drawn.
Renegade Capital writes business lines of credit from $25K to $100K secured by Montana real estate, in first or second lien position. If you already have a mortgage you want to keep, the line can sit behind it. Many of our borrowers think of it as a business-purpose HELOC: the equity in a property you own, turned into working capital for the business.
Contractors use it to cover materials and payroll between draws. Ranchers and haulers use it for equipment and a slow season. Investors use it to move on the next property without waiting on a bank. As a Montana-based direct lender, we size the line on the property and on how your business actually runs, and we give you an answer in days.
Approve the line once and use it as the business calls for it. Request a draw by email and we wire the funds. Pay it down and the availability comes back.
Interest accrues on the balance you have drawn, not on the full line. Monthly payments are interest-only, so a quiet month costs you less than a busy one.
A line of credit can sit behind the mortgage you already have. You keep your rate on the first loan and borrow against the equity on top of it.
No committee in another state. Our underwriting team is in Helena, Montana, and we size the line on the property and the business, not a credit score algorithm.
Lines of credit from Renegade Capital are secured by real estate and business-purpose only. General guidelines include:
Complete our short application with the property, the line amount you want, and what the business will use it for. We respond within 24 hours.
We value the property, look at any mortgage ahead of us and how the business runs, and come back with a line amount and terms - typically within 48 hours of receiving property information.
Once you accept our terms, we order title and close, usually within 5 to 10 business days. After that, email a draw request whenever you need funds and we wire them.
It works the same way - a revolving line secured by the equity in real estate - but it is a business-purpose line. The money goes into a business or an investment, not personal or household expenses. Many borrowers call it a business HELOC, and that is a fair description.
No. Renegade Capital writes lines of credit in first or second lien position. If you have a mortgage with a rate you want to keep, the line can sit behind it and lend against the remaining equity.
Send us a draw request by email with the amount you need. We confirm it and wire the funds to your business account. There are no checks or cards to manage, and you can draw as often as the business needs, up to your limit.
Working capital, equipment and vehicles, inventory, payroll through a slow season, materials for a job before the customer pays, a down payment on the next property, or a renovation on one you already own. The use has to be for a business or investment purpose.
Lines of credit carry a variable rate set at a margin over the Prime Rate, and the rate moves when Prime moves. Interest is charged only on the balance you have drawn. Contact us for a quote specific to your property and business.
No. We review credit history, but the line is sized primarily on the value of the real estate, your equity in it, and how the business actually runs. Self-employed borrowers, contractors, ranchers and investors whose tax returns understate their income are regularly approved.
Most lines close within 5 to 10 business days from a completed application. Timing depends on property type, title and valuation turnaround. Once the line is open, draws are funded by wire.
Tell us about the property and what the business needs. We respond within 24 hours.