Business Line of Credit
For Your BusinessRestaurantContractsShop
Same Day Funding
$10,000 to $5 Million
6 Months – 10 Year Terms
Simple Application
Our simple 15 second online application can get you matched with offers in minutes.
No Minimum FICO
Bad credit? No problem! Most of our top financing options have no minimum FICO.
Larger Amount
Get matched with the best financing options with the highest funding amount.
Same Day Funding
Our Fintech Speed can get you in and out of Underwriting in just a few hours, and same day funding!
Easy 15-second application to get options in just minutes and funding in hours!
Resources & Frequently Asked Questions
A business line of credit is like a safety net for your small business. Instead of getting a lump sum of money all at once, it’s more like having a pool of funds you can dip into whenever you need. This flexibility is great because it means you can handle unexpected expenses or jump on new opportunities without stressing about finances holding you back.
For example, you can use it to buy inventory, fix equipment, explore new ventures, or smooth out cash flow bumps that pop up now and then.
Maintaining a good credit score is key to getting better loan terms for your business. This means paying your bills on time and keeping your debt in check. A business line of credit is a straightforward way to help your business grow and meet its goals.
Want to know more about how a business line of credit can boost your working capital? Fill out a quick 15-second application to chat with a business financing advisor.
A secured business line of credit:
A secured business line of credit requires your business to use an asset of choice, usually real estate as collateral to obtain the business line of credit. This may be the best option for businesses that may not have enough time in business or past credit issues that would hinder them from receiving an unsecured loans. The nature of a secured business line of credit is the institution will utilize the collateral for payment if a business defaults on their loan.
The unsecured business line of credit:
An unsecured business line of credit does not require the use of an asset as collateral, similar to a credit card. However, lien and personal guarantee may be necessary. These types of loans are generally more of a risk to the lender. Without the use of collateral, your business must have a strong credit score and a positive business record of accomplishment. An unsecured business line of credit may have higher interest rates than secured due to the risk to the lender.
To learn more about how a secured or unsecured business line of credit may benefit your business complete our 15-second application to speak with a business financing advisor.
Imagine your business needs quick access to funds, whether it’s for unexpected expenses or increased working capital demands. Instead of applying for a new loan each time, a business line of credit provides a flexible solution.
A business line of credit is a financial tool that allows small business owners to borrow money as needed, making it easier to manage day-to-day operations. With a line of credit, your business can access funds immediately, helping you meet both short-term and long-term financial needs while pursuing new revenue opportunities.
Interested in learning more? Complete our quick 15-second application and connect with a business financing advisor today.
A business line of credit operates differently than a traditional term loan, which gives you a lump sum of cash to be repaid over a fixed period. Instead, a business line of credit provides you with access to a set amount of funds that you can draw from as needed.
As you repay the borrowed funds, they become available for you to use again, as long as you stay within your credit limit. You only pay interest on the amount you use, not on the entire credit line. The repayment schedule can vary depending on the lender but is often set on a weekly, monthly, or periodic basis.
Curious if a business line of credit is the right move for your business? Fill out our quick 15-second application to find out more.
Discovering the Ideal Business Line of Credit
When it comes to finding the best business line of credit, alternative lenders often provide top-notch options. Here are some key features to look for:
- Quick Process: From application to funding, the entire process should be swift and efficient.
- Variety of Lending Options: A broad range of lending choices ensures you find the perfect fit for your needs.
- Revolving Line of Credit: You should be able to access additional funds as you repay the line, providing continuous financial flexibility.
- Ongoing Access: The line of credit should be available for use during both opportunities and emergencies, ensuring your business stays resilient.
- Competitive Rates and Terms: Look for rates and terms that align with your business goals and financial situation.
To explore the best business line of credit options available today, fill out our quick 15-second application and connect with a business financing advisor to find the perfect fit for your needs.
Very Simple Quick Business Loan Application
After completing this simple application, you’ll be paired with a dedicated Business Financing Advisor who will help you choose the best financing options for your business!
