Business Line of Credit
Access a revolving credit facility that lets you draw funds when you need them and pay interest only on what you use. An essential financial tool for managing unpredictable expenses.
Overview
What Is a Line of Credit?
Our Business Line of Credit provides your company with a flexible, revolving source of capital that you can draw upon whenever the need arises. Rather than taking a lump sum and paying interest on the full amount from day one, you access funds incrementally and only incur costs on your outstanding balance. Credit lines range from $25,000 to $1,000,000, with draw periods and repayment terms structured to align with your business cycle. Once you repay drawn funds, that capacity becomes available again, giving you a permanent financial safety net. Our funding advisors help you establish the appropriate credit limit based on your revenue trajectory and operational requirements.
Key Features
- Revolving credit limits from $25,000 to $1,000,000
- Draw funds on demand via online portal or direct request
- Interest accrues only on the outstanding drawn balance
- Repaid amounts become available for future draws
- No fees on unused credit capacity
- Annual review with potential for credit limit increases
Process
How It Works
Apply & Qualify
Submit your application with supporting bank statements and business documentation. Our underwriting team evaluates your creditworthiness and business performance to establish your approved credit limit.
Access Your Credit Line
Once approved, your credit line is established and ready to use. Draw funds through our secure online portal or by contacting your funding advisor directly. Funds are typically available within the same business day.
Use Funds & Pay Interest
Deploy capital wherever your business needs it. You pay interest only on the amount you have drawn, not on your total approved limit. Weekly or monthly repayment options are available.
Replenish & Repeat
As you repay your drawn balance, those funds become available for future use. Your credit line remains open for the duration of the facility term, providing ongoing financial flexibility.
Benefits
Why Choose a Line of Credit?
Pay only for the capital you actually use, reducing total cost of borrowing
Revolving structure provides ongoing access without reapplying each time
Rapid fund availability allows you to respond to opportunities in real time
Establishes a disciplined financial framework for managing variable expenses
Credit limit increases available as your business grows and demonstrates repayment strength
Eligibility
Qualification Requirements
- Minimum 12 months in business
- At least $20,000 in average monthly revenue
- Business owner personal credit score of 600 or above
- No history of defaults on prior business financing
- Active business checking account with at least 6 months of statements
Use Cases
Common Uses
- Smoothing cash flow gaps between invoicing and collections
- Funding seasonal inventory purchases without long-term debt
- Covering unplanned equipment repairs or facility maintenance
- Taking advantage of early-payment discounts from suppliers
- Financing short-term project costs before client payment is received
- Maintaining a financial safety net for operational contingencies
FAQ
Line of Credit Questions
Interest rates are determined based on your business's financial profile, including revenue consistency, credit history, and time in business. Rates are quoted as a weekly or monthly percentage on your outstanding drawn balance. Your funding advisor will provide a complete rate breakdown during the approval process so you can make an informed decision.
Most credit lines have a minimum draw of $1,000 to ensure efficient fund management. There is no maximum draw limit beyond your approved credit capacity. You can make multiple draws in a single month, giving you granular control over how and when you access capital.
Yes. We conduct periodic reviews of your account performance, typically on an annual basis or upon request. If your business has demonstrated revenue growth and consistent repayment behavior, you may qualify for a credit limit increase. Many of our clients see their limits grow substantially within the first 12 to 18 months of their facility.
There are no fees or penalties for maintaining an unused credit line. Your facility remains open and available for the duration of the term. We encourage businesses to establish a line of credit as a proactive financial tool, even before a pressing need arises, so capital is accessible the moment an opportunity or challenge presents itself.
Ready to Get Started with a Line of Credit?
Apply today and a funding advisor will walk you through your options.