Business Line of Credit
Access capital whenever you need it with a revolving credit line. Only pay interest on what you use.
Apply for Line of CreditWhat is a Business Line of Credit?
A business line of credit is a flexible financing option that gives you access to a set amount of capital that you can draw from as needed. Unlike a traditional loan where you receive a lump sum upfront, a line of credit works more like a credit card — you only borrow what you need, when you need it.
You only pay interest on the amount you actually use, and as you repay, your available credit replenishes. This makes it perfect for managing cash flow gaps, covering unexpected expenses, or taking advantage of time-sensitive opportunities.
Pros
- Only pay interest on what you use
- Revolving credit — reuse as you repay
- Flexible access to capital
- Great for cash flow management
- No collateral options available
Cons
- May have annual or monthly fees
- Variable interest rates
- Credit limit may be lower than term loans
- Requires discipline to avoid overuse
- May require periodic renewals
Who Should Consider a Business Line of Credit?
A line of credit is perfect for businesses that need flexible access to capital for ongoing expenses, seasonal fluctuations, or unexpected opportunities. It's ideal for:
- Managing cash flow gaps
- Covering payroll during slow periods
- Purchasing inventory as needed
- Handling unexpected expenses
- Taking advantage of bulk discounts
- Bridging payment delays from clients
Eligibility Requirements
6+ months in business
Relatively short operating history accepted
Lines from $10K–$500K
Credit limits based on business performance
Revolving — reuse as you repay
Available credit replenishes with payments
No collateral options available
Unsecured lines available for qualified businesses
Rates & Terms Breakdown
| Feature | Details |
|---|---|
| Credit Limit | $10,000 – $500,000 |
| Interest Rate | 8% – 25% (variable) |
| Draw Period | Ongoing (revolving) |
| Approval Time | 1 – 3 business days |
| Collateral | Optional (secured or unsecured) |
| Personal Guarantee | Usually required |
| Fees | May include annual or draw fees |
| Best For | Cash flow, payroll, inventory, unexpected expenses |
Is a Business Line of Credit Right for You?
If you need flexible access to capital for ongoing expenses or unpredictable cash flow, a line of credit is one of the smartest financing tools available. You only pay for what you use, and your credit replenishes as you repay.
Ready to Get Started?
Apply in minutes and get flexible access to capital when you need it.