A business line of credit is a revolving credit facility that gives your business access to a set credit limit from which you can draw funds as needed. Unlike a term loan, you don't receive (or pay interest on) the full amount at once — you draw only what you need, repay it over 6 to 24 months, and the credit replenishes for future use. It's the most flexible business financing product available and is ideal for managing ongoing cash flow needs, seasonal inventory, payroll gaps, and unexpected business expenses.

Step 1: Apply once and get approved for a credit limit (e.g., $200,000)
Step 2: Draw funds as needed — directly to your business bank account, typically within 1 business day
Step 3: Repay each draw over 6–24 months with interest — only on the drawn amount
Step 4: As draws are repaid, your available credit replenishes automatically
Step 5: Renew annually for continued access — no need to reapply from scratch

A business line of credit is revolving — you draw what you need, repay it, and draw again. You only pay interest on outstanding draw balances. A business term loan is a one-time lump sum disbursement repaid on a fixed schedule. If you have recurring, variable capital needs, a line of credit is more efficient because you're only paying for what you use. If you have a single, defined investment with a known cost, a term loan often offers lower rates and simpler structure.

 It depends on the size and type of line. For unsecured lines through fintech and online lenders, most require a minimum personal credit score of 600 to 625, with 680+ preferred for the highest limits and best rates. Strong monthly revenue — typically $15,000+ — can help offset a lower score. Larger lines, particularly secured or asset-based facilities backed by receivables or inventory, are underwritten more on the strength of your business financials and collateral than on credit score alone, so a strong balance sheet can carry more weight than a perfect score. Our team will match you with the lenders most appropriate for your credit profile and the line size you're targeting.

It depends on the lender and line size. With fintech and online lenders, approval for a smaller unsecured line can happen in as little as a few minutes, with funds from your first draw available in 1 to 3 business days. Traditional bank lines and larger secured facilities take longer — typically 1 to 4 weeks — but often offer higher limits and lower rates for well-qualified businesses. We'll help you find the right balance of speed and terms for your situation, whether you need capital fast or you're setting up a larger facility for the long term.

In structure, yes — both are revolving credit facilities. But there are important differences. A business line of credit deposits cash directly into your bank account, so you can use it for anything — payroll, wire transfers, supplier payments — not just purchases where a card is accepted. Business lines also typically offer higher limits, lower interest rates, and longer repayment terms per draw than business credit cards. For larger cash needs, a line of credit is almost always more cost-effective than putting the expense on a card.

Yes. As long as your total outstanding balance doesn't exceed your credit limit, you can have multiple draws outstanding simultaneously — each with its own repayment term and interest calculation. This is one of the most powerful features of a line of credit: the ability to take multiple draws for different purposes, repay them on different timelines, and always have available credit for the next need — without reapplying.

An unsecured business line of credit requires no collateral — approval is based on your business revenue, credit score, and time in business. These are faster and simpler to obtain but carry lower maximum limits, generally up to around $250K, and sometimes to $1M for established businesses with strong financials. A secured business line of credit is backed by business assets such as accounts receivable, inventory, or equipment, and in exchange offers significantly higher limits — up to $5M — along with lower rates. The largest lines we arrange are nearly always secured, asset-based facilities. Most businesses under $1M in annual revenue will qualify for an unsecured line; larger businesses or those with valuable receivables portfolios typically get better terms and higher limits with a secured facility. We'll identify which structure is right for your business and place you with the appropriate lender.

Line sizes range widely based on your revenue, credit profile, time in business, and whether the line is secured or unsecured. Unsecured lines for newer or smaller businesses typically range from $10K to $250K. Established businesses with strong financials can access $500K to $1M unsecured. The largest facilities — up to $5M — are generally secured, asset-based lines backed by accounts receivable, inventory, or other business assets. A useful rule of thumb: many lenders will extend an unsecured line up to roughly 10–20% of your annual revenue, with secured facilities going considerably higher. Submit your details and we'll tell you the maximum line you qualify for across our lender network.