Flexible Business Lines of Credit
A business line of credit offers funding only when your business needs it. Once approved, you can simply draw against your line as the need for capital arises – whether that occurs tomorrow, next week, or next month.
See if you Qualify for a Line of Credit in less than 60 Seconds
Checking for pre-approval will not affect your credit score.
A business line of credit is the ideal financing instrument for many businesses. Draw against your credit line to better manage your accounts receivable, purchase inventory, expedite growth, and more!
Get fully approved today and simply draw upon your line as needed; whether that be tomorrow for an inventory purchase or next month when you launch a new marketing campaign.
Do you qualify?
6
Months in Business
620
Personal Credit Score
$20K
Monthly Revenue
How a Business Line of Credit Works
1
Apply Online
Provide us basic information about your business and its needs. Submit a few simple documents online or through a dedicated Capital Advisor.
2
Get Approved
You’ll often know within just 1-2 business days if you’re approved for a business line of credit!
3
Draw Funds
Tapping funds from your line is simple. Use your login details to obtain funds within hours.
4
Grow
Use the new credit line to scale your business operation to the next level or better manage cash flow.
Max Approval:
Approvals up to $250K
Term Length:
6-18 Month Draw Schedules
Cost of Funds:
Rates starting at 7.99% APR
Funding Timeline:
2-3 business days
Pricing & Return on Investment
Lines of credit will be offered with payback terms between 7.99% and 24.99% interest based upon an analysis of the health of your business. Approvals can be driven by credit score, debt ratios, credit inquiries, and accounts receivable.
Example ROI: Your supplier offers you inventory at a large discount if you buy in the next few days. You choose to draw $10,000 to make the purchase, and sell the product for $20,000. Your total cost of borrowing for a period of four weeks is $262.22. Your total profit is $9737.78.
See if you Qualify for a Line of Credit in less than 60 Seconds
How does a business line of credit work?
Similar to business credit cards, you can also reuse and repay the balance on your line of credit whenever you like. If you land a big client and find yourself able to pay it off in full, then there aren’t any early exit fees that penalize you for being financially savvy (unlike repaying prior to the end of a loan term). If your business is seasonal and generates most of its income at a specific time of year, then a business line of credit can see you through the quieter months and be repaid in the busy season. As long as you keep making your monthly repayments, you’ll just pay a small amount of interest on the outstanding balance.
How much can I borrow?
The amount you can borrow will be based on a number of factors, including your annual revenue, months in business, and personal credit score. We offer business lines of credit for up to $250,000 which should be enough to meet most short-term needs. If you’re looking for a larger line amount, then take a look at our term loans or a business cash advance instead.
Qualifying for a business line of credit
What about collateral?
How do costs compare with other lenders?
Minimum qualifications
6 Months in business
620 Personal credit score
$20,000 Monthly revenue
What you need to apply
Completed Application
Prior 4 Months Business Bank Statements
Proof of Business Ownership
Ready to receive your pre-approval offers?
Checking for pre-approval will not affect your credit score.