Flexible capital, available when you need it.
A business line of credit gives you a credit ceiling you can draw from whenever your business needs cash. Take out what you need, when you need it, and only pay interest on what you actually use. Perfect for seasonal cash flow, opportunistic purchases, or handling the unexpected without applying for a new loan every time.
- ✓ Credit lines from $10,000 to $500,000
- ✓ Draw only what you need, when you need it
- ✓ Interest only on the amount you're using
- ✓ Revolving — pay down, redraw as needed
Business line of credit for every situation
How a business line of credit works.
Think of a line of credit like a credit card — but structured for business use and typically at lower rates. You're approved for a maximum credit amount (your "line"), and you can draw from it whenever you want. Unlike a term loan, you don't receive a lump sum upfront. You take what you need, when you need it.
Interest accrues only on the outstanding balance — not the total credit limit. If you're approved for a $100,000 line and only draw $20,000, you pay interest on $20,000. Pay it back, and the $100,000 is available to draw again. That's what makes it "revolving credit."
Lines of credit are ideal for businesses with unpredictable capital needs — seasonal businesses, businesses with fluctuating cash flow, or businesses that want a financial safety net without paying for capital they're not using.
- ✓ Approved credit limit — draw as needed
- ✓ Interest only on outstanding balance
- ✓ Revolving — pay down and redraw
- ✓ Available capital without the loan process each time
The situations where flexibility matters most.
Lines of credit shine when your business's capital needs are unpredictable or ongoing. Here are the situations where LOC is often the best product choice.
Seasonal Cash Flow
Businesses with predictable seasonal cycles (retail, tourism, landscaping, tax prep) need capital during slow months and pay it back during peak season. A LOC handles this naturally.
Opportunistic Inventory Buys
When a supplier offers a bulk discount, a distressed seller lists inventory, or a limited-time deal comes up, you can draw from your LOC immediately instead of scrambling for financing.
Payroll Bridging
When invoices are outstanding but payroll is due, a LOC provides the bridge without forcing you into higher-cost daily-payment products. Draw what you need, pay it back when clients pay you.
Emergency Reserve
Even if you don't need capital right now, having an approved LOC available means you're prepared for the unexpected — HVAC breakdown, equipment failure, sudden opportunity. Peace of mind capital.
Marketing Test Budgets
Testing new marketing channels or scaling paid acquisition often requires flexible capital. Deploy what a test needs, scale up if it works, without committing to a lump-sum loan.
Growth Without Debt Buildup
Businesses in growth mode with fluctuating capital needs benefit from paying interest only on what they use — rather than sitting on unused loan capital while paying interest on all of it.
Line of credit vs. term loans and MCAs.
Each of our four products is built for different situations. A term loan gives you a lump sum with a fixed monthly payment — perfect when you know exactly how much you need. An MCA provides fast capital repaid as a percentage of revenue — best when speed matters more than cost. Equipment financing is secured by an asset — best for major equipment purchases.
A line of credit is different from all three. It's not a lump sum — it's ongoing access to capital. You only pay interest on what you're actively using. That flexibility comes at slightly higher rates than term loans, but often lower rates than MCAs, and it lets you avoid applying for a new loan every time a need arises.
- ✓ vs. Term Loan: Draw as needed instead of lump sum
- ✓ vs. MCA: Interest only, no daily holdbacks
- ✓ vs. Equipment Financing: Use for anything, no asset required
- ✓ vs. All three: Revolving — reuse without reapplying
LOC requires solid business fundamentals.
Lines of credit are approved based on your business's ability to responsibly manage revolving capital. Because we're extending ongoing access rather than a fixed advance, our underwriting looks at overall business stability and repayment consistency.
From application to approved — typically 24 to 72 hours.
Getting approved for a LOC is a one-time process. Once approved, you can draw from it repeatedly without reapplying. Here's what to expect from the initial approval.
Apply and share business details
Complete our short online application. We'll need basic business info, 6 months of business bank statements, and how you anticipate using the credit line. LOC underwriting is more focused on overall business stability than any single transaction.
Start now →
We approve your credit limit
Our team evaluates your revenue, credit profile, and business stability to determine your credit limit. Most decisions come within 24 to 48 hours. We'll present the approved limit, interest rate on drawn amounts, and any account terms — all disclosed in writing.
See our full process →
Draw when you need it
Once your LOC is set up, you can draw funds anytime — typically same-day. Interest accrues only on the outstanding balance. Pay it down and the credit is available to draw again. It's yours to use as your business needs.
Apply now →Common questions.
Straight answers about business lines of credit. For our complete FAQ, see our full FAQ page.
See our full FAQ →How is a line of credit different from a term loan?
How much can I get approved for?
How do interest rates work on a line of credit?
Are there fees just for having the line open?
How quickly can I access funds after I draw?
Do I have to use the entire credit line?
Can I pay it off and reuse the credit?
What if I don't use my line of credit?
Not looking for a line of credit?
Our three other business funding products serve different needs. Different situations call for different structures.
Capital available
when you need it.
Apply online in 3 minutes, or call a business funding specialist directly. Same-day decisions on most LOC applications. No cost to apply, no obligation.
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