Business Line of Credit

The protection net you need, the flexibility you want

Loan Amount

$1,000 – $500,000

Loan Term

1-3 Years

Interest Rate

As low as 6-20%

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Want flexible financing? Then you want a business line of credit.

Think of a line of credit as a financial safety net for your business. It’s there if you need it, but you’re under no obligation to use it. And when you do tap into it, you can use it to cover almost any small business need. Plus, you only pay interest on the funds you use, not the full amount. In other words, it’s as flexible as a double-jointed yoga teacher.

Benefits of a Business Credit Line

After applying for a line of credit, you could have funds in one to two weeks if you’re approved. You could get up to $500,000 in funding, which you could then pull on when necessary. It’s there if you need the funds, and if you don’t, it’s nice to know you have it just in case. A huge benefit of a business credit line is that you then only pay interest on and must repay the money you use from your line of credit. To repay you would usually make monthly payments on the amount you’ve borrowed. The term for a line of credit is usually one to two years. One of the coolest things about a business line of credit is that you only pay interest on the funds you use, not the full amount. For example, if you’re approved for a $40,000 business line of credit and you use $20,000 for office upgrades, you’ll just pay interest on that $20,000. Moreover, just like with a credit card, you can use a business credit line for just about anything. It’s good for businesses looking to expand and in need of a little cash to set up a new location, or to buy inventory. It can also be great to have on deck in the event you might need funds unexpectedly. Or it can be good if you expect to experience cash flow issues due to an off-season or something of the like.

How do I get a credit line for my business?

If you’re interested in getting a line of credit for your business, you can fill out our easy online application and see your options in as little as 15 minutes. You’ll then see the lenders that might provide a line of credit and the other details of what you qualify for. A business line of credit is a desirable form of funding for business owners. You can use our line of credit calculator to see how much you might qualify for and what the terms might be based on your business details. You don’t need collateral for a business line of credit. You could get an unsecured line of credit that does not require collateral. But it could cost you more. Finally, with unsecured lines of credit, the interest rates can be higher because lenders are taking a larger risk in lending to you.

Loan Amount $1,000 – $500,000

Loan Term 1-3 Year Maturity

Interest Rate As low as 8-24%

Time to Funds As soon as 1-2 Weeks

No prepayment penalties