Business Line of Credit – Flexible Funding for Your Small Business
What is it?
A business line of credit is one of the most flexible small business financing options available. Whether you need to cover short-term expenses, manage seasonal cash flow, or seize a growth opportunity, a line of credit lets you borrow only what you need, when you need it — and pay interest only on the amount you use.
How It Works:
Once approved, you’ll have access to a set credit limit. Draw funds at any time, repay them, and draw again as needed — similar to a credit card, but with typically lower rates and higher limits.
Common Uses:
- Cover unexpected expenses
- Purchase inventory in bulk
- Manage payroll gaps
- Finance short-term marketing campaigns
Pros:
- Flexible access to capital
- Pay interest only on what you draw
- Revolving credit for repeated use without reapplying
- Quick access to funds once approved
Cons:
- Variable interest rates may fluctuate
- Lower limits than some term loans
- May require strong credit history for best rates
Rates, Terms & Funding Ranges:
- Interest Rate: Range from 10-30% APR
- Credit Limits: $10,000 – $1,000,000
- Repayment Terms: Draws typically repaid within 12-24 months
Get Started:
Apply now and secure a business line of credit that gives you the freedom to manage cash flow and grow your business on your terms.