Business Lines of Credit

Flexible access to capital when you need it. Draw funds as needed, pay interest only on what you use.

$10K - $500K
Credit Limit Range
6% - 24%
Typical APR Range
24-72 hrs
Approval Time
Revolving
Repayment Type

What is a Business Line of Credit?

A business line of credit (BLOC) is a flexible financing option that gives you access to a predetermined amount of capital that you can draw from as needed.

Unlike a term loan where you receive a lump sum upfront, a line of credit works like a credit card — you only borrow what you need, when you need it, and you only pay interest on the amount you actually use.

Perfect For:

  • ✓ Managing cash flow gaps
  • ✓ Covering unexpected expenses
  • ✓ Purchasing inventory
  • ✓ Taking advantage of time-sensitive opportunities
  • ✓ Bridging seasonal revenue fluctuations

Pros & Cons

Advantages

  • Flexibility: Only borrow what you need, when you need it
  • Lower Cost: Pay interest only on funds you actually use
  • Reusable: Funds become available again as you pay down the balance
  • Fast Access: Draw funds instantly when approved
  • Build Credit: Responsible use can improve business credit score
  • No Collateral: Many options available unsecured

Considerations

  • Variable Rates: Interest rates can change over time
  • Credit Requirements: Typically requires good credit (650+)
  • Draw Fees: Some lenders charge fees when you access funds
  • Annual Fees: Many lines have yearly maintenance costs
  • Discipline Required: Easy access can lead to overspending
  • Personal Guarantee: May require owner's personal credit backing

Eligibility Requirements

Typical Requirements:

  • Time in Business: 6 months minimum (2+ years preferred)
  • Annual Revenue: $50,000+ (varies by lender)
  • Credit Score: 650+ personal credit
  • Bank Balance: Positive cash flow

Documents Needed:

  • 📄Business tax returns (1-2 years)
  • 📄Bank statements (3-6 months)
  • 📄Personal tax returns
  • 📄Business license/registration

Not Sure if You Qualify?

We work with 50+ lenders with varying requirements. Even if you don't meet all the criteria above, we likely have options for you.

Check Your Eligibility — Free

How to Get a Business Line of Credit

1

Apply Online

Complete our 2-minute application. We'll do a soft credit check that won't impact your score.

2

Get Matched

We'll match you with the best lenders in our marketplace and present your options.

3

Access Funds

Once approved (typically 24-72 hours), you can draw funds immediately when you need them.

Start Your Application →

⚡ No credit impact to pre-qualify | Most applications approved in 24-72 hours

Frequently Asked Questions

What's the difference between a line of credit and a term loan?

A term loan gives you a lump sum upfront with fixed monthly payments. A line of credit gives you access to funds that you can draw from as needed, and you only pay interest on what you use. Think of it like a credit card vs. a car loan.

How much can I borrow?

Business lines of credit typically range from $10,000 to $500,000. The amount you qualify for depends on your revenue, credit score, time in business, and other factors. We'll help you determine your maximum credit limit.

Do I need collateral?

Many business lines of credit are unsecured (no collateral required). However, secured lines (backed by assets) may offer higher limits and lower rates. We'll present both options if you qualify.

Will checking my eligibility hurt my credit?

No! We only do a soft credit pull to check your eligibility, which has zero impact on your credit score. Only when you choose to move forward with a specific lender will they do a hard pull.

How long does approval take?

Most of our clients receive approval within 24-72 hours. Once approved, you can typically draw funds immediately. Some lenders offer same-day funding for qualified borrowers.