Business Line of Credit "LOC"

An Unsecured Credit Limit that allows you to draw upon when you need it. Great to have for emergencies.

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Businesses are always adapting to changes. From uneven cash flow, a drop in sales revenue, to the drastic changes that the COVID-19 Pandemic has brought upon all businesses worldwide.
Although it’s almost impossible to predict how your business fair in these types of situations, an Unsecured Business Line of Credit or “LOC” is a valuable tool for small businesses to have if an emergency arises where you need access to readily available cash.

An Unsecured Business Line of Credit or “LOC” is a revolving credit line that your business can tap into anytime a need arises. A great example of a Line of credit is a personal credit card. You have a limit established by a financial institution that you always have available. Once you use it and pay it off, you can use it whenever you need it again.


  • A Line of Credit is usually cheaper than a Credit Card.
  • Borrow the cash you need, only when you need it.
  • Lines of Credit usually have much higher Credit limits than a typical Credit Card.
  • You only pay interest on the amount you use.
  • You do not have to put collateral for an Unsecured Line of Credit.
  • Flexible repayment plans.


  • Annual/Monthly maintenance fees regardless of use
  • You may be tempted to spend due to having easy access to the funds
  • Fees vary depending on provider
  • Good credit in order to qualify
  • May require you to have an account with the lending institution


  • 600 + FICO Credit score
  • Time in business 6 Months +
  • Business income of $10,000+
  • Last 6 months of business bank statements
  • Fill out a one-page application