Up to $250,000
Time to Fund
As Soon As 24 Hours
Up to 1 Year
Business Line of Credit
Looking for flexible funding? Then you need a business line of credit.
A line of credit can be a great way to help your business cover unexpected expenses. You're not obligated to use it, and you only pay interest on the funds you use, not the full amount. This makes it a very flexible financial safety net for your business.
The Benefits of Business Line of Credit
Only pay for what you use. The best thing about a business line of credit is that you only pay interest on what you use, not on the full amount. For example, if you're approved for a $50,000 business line of credit and you use $10,000 for inventory, you'll just pay interest on that $10,000. This could save you a lot in interest instead of paying interest for the whole lump sum of $50,000.
Unmatched flexibility. For example, a line of credit can help you cover your business' costs during times of low sales. This will help you to maintain your current level of operations and avoid any potential financial setbacks.
Credit building. A business line of credit gives you the opportunity to establish a positive credit history. By making payments on time and keeping a low balance, you build yourself into a known reliable borrower. It will aid you in obtaining capital from lenders in the future, paving the way for you to steer your business forward.
Minimum Qualifications for Term Loans
Time in Business