What Is a Business Line of Credit?
A business line of credit gives you a revolving credit limit you can draw from at any time. Unlike a lump-sum loan, you only pay for the funds you actually use, and as you repay, your available credit is restored. It's one of the most flexible ways to manage cash flow and be ready for unexpected expenses or opportunities.
A Good Fit For
- Smoothing out seasonal or uneven cash flow
- Covering payroll or inventory between receivables
- Having a safety net for unexpected expenses
- Businesses that want ongoing access to capital
What You'll Need
- A short application
- Recent business bank statements
- Basic business and owner information
How It Works
- Apply. Complete a short application online or by phone. It won't affect your credit score.
- Review your options. A funding specialist explains your offers, including total cost and terms.
- Get funded. Accept the option that works best for you and receive your funds.
Credit limits and costs depend on your revenue, time in business and credit profile. We'll explain the total cost clearly before you accept.