Home › Business Line of Credit
Business Funding

Business Line of Credit

Flexible revolving credit you can draw from whenever you need it. Pay interest only on what you use, repay it, and draw again. Perfect for managing cash flow.

See What I Qualify For  →

No credit impact · Takes less than 2 minutes · Free to apply

$10k–$250k
Credit Limit
Draw Only
Pay Interest On What You Use
Revolving
Reusable Credit
2–5 days
Time to Approve
What Is It?

Revolving credit you draw on when you need it

A Business Line of Credit gives your business access to a set pool of funds that you can draw from, repay, and draw from again. It works similarly to a credit card but is designed for business operations at much higher limits.

Unlike a term loan where you receive a lump sum and begin repaying immediately, a line of credit charges interest only on the amount you’ve actually drawn. If your $100,000 line is unused, you pay nothing. If you draw $30,000, you only pay interest on that $30,000.

Lines of credit are especially valuable for seasonal businesses, businesses with fluctuating cash flow, or any situation where you need a financial safety net, with no cost for funds you haven’t drawn yet.

Apply once and see your best available credit limit and rate offers side by side, so you can choose the right line for your business without applying to multiple lenders separately.

Quick Facts

Credit Limit
$10,000 – $250,000
Interest Rate
Varies by lender
Repayment
Interest on drawn amount only
Type
Revolving (reusable)
Approval Time
2 – 5 business days
Credit Score
580+ preferred
Time in Business
6+ months

How It Works

A line of credit works differently from a loan. You control when and how much you borrow.

STEP 1

Get Approved for a Credit Limit

Apply and see how much revolving credit you qualify for based on your business revenue and profile. Knowing your limit upfront means you can plan around it immediately.

STEP 2

Draw Funds When You Need Them

Once approved, you can draw any amount up to your credit limit whenever your business needs it: payroll, inventory, unexpected expenses, or new growth opportunities.

STEP 3

Repay & Draw Again

As you repay what you’ve drawn, your available credit is restored. Your line of credit is reusable, making it a long-term financing tool rather than a one-time loan.

Who Qualifies?

Lines of credit work best for established businesses with consistent revenue.

Pros & Cons

A line of credit is one of the most versatile financing tools, though it works best when used strategically.

Advantages

  • Only pay interest on what you actually draw; nothing owed when unused
  • Revolving credit you can repay and draw again, as many times as needed
  • Great for seasonal businesses that need to bridge slow periods
  • Flexible; use for any business purpose at any time
  • Builds a financial safety net with always-available capital
  • Helps smooth cash flow gaps between invoicing and receiving payment

Considerations

  • Rates may be higher than term loans for the same credit profile
  • Some lenders charge maintenance or inactivity fees even when unused
  • Credit limits are typically lower than term loan amounts ($250k vs. $500k)
  • Over-drawing can lead to a debt cycle if not managed carefully
  • Requires stronger credit than an MCA to qualify at competitive rates

Not ready to apply yet? We're happy to call you back.

Find out what credit limit your business qualifies for

Takes 2 minutes. No credit impact. No cost to apply. See your best available limit and rate before you decide anything.

See What I Qualify For  →