Draw what you need, pay interest only on what you use
Business Line of Credit
A business line of credit is a revolving limit you draw against as needed, paying interest only on the amount drawn. It suits uneven cash flow and unexpected costs better than a lump-sum loan, and the limit replenishes as you repay.
What you’ll need to apply
The application asks for the same handful of things every funder wants to see. Nothing here requires an accountant, and there is no cost to find out where you stand.
How much you need
A rough figure is fine. It can change once offers come back.
Monthly revenue
The single number that matters most. Recent months count more than old ones.
Time in business
Six months of trading opens most options. Under that narrows them but rarely closes them.
Bank statements
Usually the last three to six months, to verify the revenue on the application.
Your state and industry
Determines which funders can work with you at all.
Contact details
A phone number we verify by text, so a real person owns the application.
Business Line of Credit: common questions
- How is a business line of credit different from a loan?
- A loan gives you the full amount once and you pay interest on all of it. A line of credit gives you a limit you draw against as needed, and you pay interest only on what you have drawn. As you repay, the limit becomes available again.
- What credit score do I need for a business line of credit?
- Many providers work with scores from around 600, and revenue-based providers go lower. Score matters more here than on a merchant cash advance, because a revolving facility carries more risk for the lender, but consistent monthly revenue can offset a weaker score.
- Does an unused line of credit cost anything?
- Sometimes. Some providers charge a maintenance or non-use fee whether you draw or not; many charge nothing until you do. It is worth asking specifically, because a facility you hold as a safety net can quietly cost money for months.
- How fast can I access the money once approved?
- Once the line is open, draws usually reach your account the same day or the next business day. The initial approval takes one to three business days — the point of a line of credit is that you do that work once and then have the funds available on demand.
- Can I get a line of credit as a newer business?
- It is harder than a merchant cash advance but not unusual. Most providers want at least six months of trading and consistent deposits. Under six months, revenue-based options are generally the more realistic route.
Other funding options
Merchant Cash Advance
Advance against future sales
Working Capital Loans
Short-term cash for day-to-day operations
Equipment Financing
Finance the machine, secured by the machine