Line of Credit
An approved limit you draw against as needed, paying only for what you actually use.
- No upfront fees
- Soft credit pull
- All 50 states
- Funding range
- $2K – $250K
- Funding speed
- 1 – 3 business days
- Typical term
- 6 – 24 month renewable terms
At a Glance
The short version
An approved limit you draw against as needed. Interest accrues only on what you use — the right instrument for businesses whose cash needs rise and fall through the year.
Amounts
$2,000 – $250,000
Speed
1 – 3 business days
Payback
Revolving — pay down and redraw
Term
6 – 24 month renewable terms
Credit
Mid-range and up, depending on the lender
Requirements
6+ months in business · consistent deposits
The Process
How line of credit works
Get approved for a limit once
You go through underwriting a single time and come out with an approved ceiling. Most lenders in the network can turn this around in one to three business days on a complete file.
Draw only what you need
Transfer funds when a need appears. You pay for the drawn balance, not the full limit, so an unused line costs little or nothing to keep open — check the offer for any maintenance or draw fee.
Pay down, then redraw
As you repay, the limit replenishes and is available again. Lines are typically reviewed on a 6 to 24-month renewable cycle, and a clean payment history is what supports a higher limit at renewal.
Use Cases
Best used for
Seasonal swings, a standing safety net, and recurring inventory cycles.
- Businesses with real seasonal swings in cash
- Keeping a standing safety net you hope not to use
- Recurring inventory cycles — buy, sell, repay, repeat
- Covering payroll gaps between customer payments
- Starting a job before the deposit clears
- Businesses that don't yet know the total they'll need
Compare
Is this right for you?
A line of credit is the most flexible product we arrange. If you need one lump sum for one planned project and can wait out a fuller review, a term loan costs less. If you need the fastest possible funding, working capital moves quicker. If the money is for a titled machine or vehicle, equipment financing keeps the line free for everything else.
FAQ
Line of Credit questions
Do I pay anything if I never draw?
Usually little or nothing, but it depends on the lender — some charge a monthly maintenance or non-use fee, others charge only on drawn balances. Ask your advisor to confirm before you accept; it's an easy detail to miss.
How fast can I access a draw?
Once the line is open, draws are typically initiated in the lender's portal and land in your business account the same or next business day. The slow part is the initial approval, not the draws.
Can my limit grow over time?
Frequently, yes. Lenders review lines on renewal and a record of drawing and repaying on schedule is the strongest case for an increase. Growing deposits help too.
Is a line of credit secured?
Most business lines in the network are unsecured, though a general lien on business assets and a personal guarantee from the owners are common. The offer will state exactly what's pledged before you sign.
More questions? Read the full FAQ
Ready to see line of credit offers?
One application, real offers to compare, and no fee unless your business is funded.