Business Line of Credit
A business line of credit, also called a revolving line of credit, is a flexible loan option that operates similarly to a credit card. Borrowers can access funds, pay them back, and access them again as needed. You decide when and how to use the borrowed capital.
$10,000 - $500,000
Draw fees 1% - 3%
9 - 24 month terms (weekly/monthly)
24-hour decision and same week funds
What is a line of credit?
A business line of credit is a useful tool for businesses to have, regardless of cash flow, to take advantage of unexpected growth or expansion opportunities. It provides a flexible and often low-cost way to cover working capital needs in the short term. A small business line of credit ensures consistent access to funds to manage fluctuations in business expenses and revenues. Instead of a fixed amount of financing, a line of credit allows borrowers to access and repay a certain amount of money repeatedly.
Uses & Benefits
Scenarios where a business line of credit can be beneficial include: seasonal fluctuations, delayed client payments, needing capital for new client or production expenses, and purchasing discounted equipment or inventory.
Gives you the flexibility to expand your business when opportunities arise.
Offers the working capital you need to pay the bills during a slow period.
Meets your financing needs without forcing you to pay interest on the money you’re not using.