Business Line of Credit
Flexible revolving credit created for businesses that require working capital on demand.
How It Works
A business line of credit lets you access a revolving pool of capital, which allows you to draw from it as needed. A line of credit lets you take only what you need whenever you need it, unlike a traditional term loan, which gives you a lump sum upfront. You only pay interest on the amount you've drawn, not the total credit limit. Your available credit replenishes as you repay, giving you continuous access throughout the term.
Best Use Cases
Inventory purchases: Prepare for peak demand without using up all of your supplies
Project-based expenses: Fund labor and materials before client payment
Marketing campaigns: Launch time-sensitive initiatives without long-term debt
Emergency expenses: Manage unexpected repairs or opportunities
Seasonal cash flow gaps: Cover inventory and payroll during slow seasons
Draw Period
Access funds instantly via ACH transfer, usually within 1 business day.
Interest Rates
APR typically ranges from 12% to 45%, depending on the lender and risk profile.
Credit Limits
$25,000 to $500,000 typical range based on time in business, creditworthiness, and business revenue.
Key Features
Terms
Ranges from 6 to 24 months. Some lenders offer continuous renewal options.
Fees
Maintenance fees, draw fees, and origination fees may apply. All disclosed upfront.
Repayment
Monthly or weekly interest payments. Minimum payment schedules vary by lender.
Qualification Requirements
Minimum Criteria
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Minimum monthly revenue of $10,000
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At least 6 months in business (12+ months preferred)
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No tax liens or active bankruptcies
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Personal credit score of 600+ (Those with higher scores get better terms)
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Cash flow is consistent across bank statements
Documentation Needed
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ID or Driver's license
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Business formation documents (If entity)
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Voided business check or bank account details
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3-6 months of business bank statements
Advantages
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Fast approval and funding
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Builds business credit when used responsibly
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Revolving access throughout term
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Pay interest on drawn amounts only
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No collateral required in many cases
Disadvantages
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Higher rates than term loans or SBA
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Some lenders charge draw or maintenance
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May require personal guarantee
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Shorter terms than traditional loans
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Can be tempting to over-borrow
We help entrepreneurs unlock the growth their business deserves with our flexible funding.