WORKING CAPITAL
Business Line of Credit
A Business Line of Credit provides your company with flexible access to capital whenever you need it. Unlike a traditional loan where you receive a lump sum, a line of credit allows you to draw funds as needed up to your approved limit. You only pay interest on the amount you’ve drawn, making it an efficient and cost-effective solution for managing cash flow, covering unexpected expenses, or seizing growth opportunities.
Loan Details
- Loan Amount
$10,000 – $1,000,000
- Terms
12-24 month draw period
- Rates
Starting at 8%
- Funding Speed
3-7 business days
Key Features
- Up to $1M credit limit
- Revolving access to funds
- Pay only for what you use
- Quick draws via online portal
- Automatic payment options
- Annual renewal with limit increases
Benefits
- Flexible funding on your schedule
- Build business credit history
- No prepayment penalties
- Same-day funding on draws
- Dedicated account manager
- Competitive interest rates
Requirements
- Minimum 1 year in business
- 600+ credit score
- $100,000+ annual revenue
- Business bank statements (3-6 months)
- Basic business documentation
- No recent bankruptcies
Ideal For
- Seasonal businesses
- Companies with fluctuating cash flow
- Businesses needing emergency reserves
- Inventory purchasing
- Payroll management
Frequently Asked Questions
Common questions about Business Line of Credit
How is a line of credit different from a term loan?
A term loan provides a lump sum that you repay over a fixed period. A line of credit is revolving—you can draw, repay, and draw again up to your limit. You only pay interest on what you’ve borrowed.
Can I increase my credit limit over time?
Yes! Most lenders review your account annually and may offer limit increases based on your payment history, business growth, and creditworthiness.
Is collateral required?
Many lines of credit are unsecured for qualified borrowers. Secured lines with collateral typically offer higher limits and lower rates.
Ready to Get Started?
Our team is ready to help you secure the commercial real estate financing your business needs. Apply now or speak with a funding specialist.
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