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 Business620
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?
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
What you need to apply
Ready to receive your pre-approval offers?
Checking for pre-approval will not affect your credit score.