Business Line of Credit (LOC)

Flexible, unsecured credit for your business needs

What is a Business Line of Credit?

A Business Line of Credit (LOC) is an unsecured revolving credit facility that allows you to draw funds when you need them, up to a pre-approved limit. Similar to a business credit card but with higher limits and better terms, you only pay interest on the amount you actually use.

This financing solution is perfect for managing cash flow fluctuations, covering unexpected expenses, or seizing time-sensitive business opportunities without going through a lengthy approval process each time.

💡 Perfect For:

Businesses with seasonal revenue fluctuations, emergency funding needs, or those wanting a financial safety net for unexpected opportunities.

Advantages & Considerations

✓ Advantages

  • Pay interest only on funds you use
  • Reusable credit - replenishes as you repay
  • No collateral required
  • Faster than traditional bank loans
  • Higher credit limits than business credit cards
  • Flexible access to funds when needed
  • Build business credit history
  • Great for managing cash flow gaps

⚠ Considerations

  • May require annual or monthly maintenance fees
  • Requires good personal or business credit score
  • Variable interest rates may fluctuate
  • Credit limit may be lower initially
  • Personal guarantee often required
  • Unused credit may incur small fees

Qualification Requirements

  • Credit Score: Minimum 600 FICO score (personal or business)
  • Time in Business: At least 6 months of operation
  • Monthly Revenue: Minimum $10,000 in monthly business income
  • Bank Statements: Last 6 months of business bank statements
  • Application: Simple one-page application form
  • Business Documentation: Basic business information and tax ID

How Does It Work?

1. Application: Submit your information and required documents through our simple application process.

2. Approval: Get approved within hours with your credit limit determined based on your business profile.

3. Access Funds: Draw funds as needed up to your approved limit through online transfers or checks.

4. Repayment: Make minimum monthly payments or pay off the balance - your choice.

5. Reuse: As you repay, your available credit replenishes for future use.

Key Benefits for Your Business

  • ✓ Approval in as little as 4 hours
  • ✓ Credit limits from $10,000 to $250,000+
  • ✓ Competitive interest rates
  • ✓ No prepayment penalties
  • ✓ Minimal documentation required
  • ✓ Use for any business purpose

Ready to Apply?

Get your Business Line of Credit approved today

Apply Now