$5,000 - $150,000
3 - 24 MONTHS
A business line of credit is a flexible business loan that allows you to borrow up to a certain amount or credit limit, to cover short-term working capital requirements.
When you get a business line of credit, you're approved to borrow up to a certain amount of money and you’re able to access some, or all of that money as you need it. After you fully pay off a portion you’ve used, the full amount of your line of credit is available for you to use again.
Although business lines of credit do operate very similarly to a credit card, they are not the same thing. Credit cards typically have higher interest rates and in many cases, a line of credit does not have a mandatory monthly payment system.
Unlike a term loan, a business line of credit allows you to run your business without having to apply for a new loan every time you need extra cash. And with ongoing access to working capital, you can plan for and better manage your future cash flow.
Flexible Financing for your Business
Business Line of Credit
Minimum Qualifying Criteria
600+ credit score
12+ months in business
$15,000+ avg monthly bank deposits
680+ credit score
Utilization below 30%
No recent bankruptcies
Signed one page funding application
3-5 most recent business bank statements
Business tax returns (only in certain cases)