Guides
Lines of credit, explained
You draw what you need and pay for only that. The hardest of the four to qualify for, and the one worth having before you need it.
One application, every lender we work with
Find out what you qualify for.
Eleven questions, about two minutes. The lenders who fund your industry and your state see it; you compare their offers and take one, or none.
Submit an application- Won't affect your credit
- Free, no obligation
- Up to $500K
08 guides
How it works
An approved limit you draw against, repay, and draw again.
Line of credit vs card
The card is easier to get. The line gives you cash at a sane rate.
Credit score needed
Around 600 and up — the highest bar of the four products.
Interest on what you draw
Only the drawn balance — but fees can apply to the rest.
With weak credit
Hardest product to get this way — secure it or use another one.
Secured or unsecured
Collateral buys a lower rate and a bigger limit — and real risk.
Drawing on it
As often as you like — but watch minimums and draw fees.
If it is cut
Usually account conduct, and usually visible months in advance.
Other guides
- If you need money this week
- Something broke
- Whether you'll qualify
- What it costs
- The best options, compared
- If you already have an advance
- Applying without getting burned
- Merchant cash advances, explained
- Working capital, explained
- Equipment financing, explained
- Buying, expanding, opening
- Difficult situations
- Why banks decline, by industry
One application, every lender we work with
Find out what you qualify for before you need it.
Eleven questions, about two minutes. You see offers side by side and take one, or none.
- Won't affect your credit
- Free, no obligation
- Decisions usually inside 24 hours
- Up to $500K