Overview
A Business Line of Credit provides revolving credit that you can draw from as needed. You only pay interest on the amount you use, making it ideal for managing cash flow and unexpected opportunities.
Key Benefits
Draw funds as needed, only pay interest on what you use
Revolving credit renews as you pay down
Faster and easier than traditional loans for repeat borrowing
Competitive interest rates
Build business credit history
Flexible repayment terms
Qualifications
- • Business must be established (typically 2+ years)
- • Minimum annual revenue of $150,000
- • Personal credit score of 650+
- • Monthly revenue of $10,000+
- • Current financial statements and tax returns
- • Personal guarantee typically required
Funding Amounts
Minimum
$10,000
Typical Range
$25,000 - $250,000
Maximum
$1,000,000
Funding Timeline
Typical approval: 3-5 business days
Actual timelines depend on application completeness and lender review. Faster approval may be available for well-qualified applicants.
Frequently Asked Questions
How does a line of credit differ from a loan?
A line of credit is revolving - you draw what you need and pay interest only on that amount. Loans provide a lump sum upfront.
Do I have to use the entire credit line?
No, you only draw what you need. You can establish a line and not use it, and still have access when needed.
Is there a fee for unused credit?
Some lenders charge annual fees for unused lines, while others don't. Clarify fees with your lender.
Ready to Explore Business Line of Credit?
Start your application today to connect with lending partners specializing in this program.
Apply Now