Lines of Credit
Draw what you need, when you need it, and only pay for what you use.
- Limits
- $10K–$250K+ (bank lines higher)
- Terms
- Revolving; renew annually or 6–24 mo draws
- Rates
- ~8%–24% APR on what you draw
- Funding speed
- Online 1–7 days; bank 2–6 weeks
- Typical minimums
- 1–2 yrs, $100K+ annual revenue, 600–680+ credit
Typical market ranges, not a quote. Actual amounts, rates and terms depend on the lender and your business profile.
How lines of credit work
A business line of credit gives you access to a set credit limit you can draw from at any time. You pay interest only on the amount you've drawn, and as you repay, the available credit replenishes so you can use it again.
It's one of the most flexible tools for managing cash flow, covering payroll gaps, buying inventory, or handling unexpected expenses.
Common options
Unsecured lines
No specific collateral, approved on credit and revenue.
Secured lines
Backed by collateral such as receivables or inventory, usually for larger limits or lower rates.
Bank lines of credit
Typically the lowest cost, with stricter qualification.
Online lines of credit
Faster approval and more flexible requirements, usually at a higher cost.
Best for
- Smoothing uneven or seasonal cash flow
- Recurring inventory or supply purchases
- A safety net for unexpected expenses
- Businesses that want funding on standby
What lenders look at
- Monthly revenue and cash flow
- Time in business
- Personal and business credit
- Existing debt obligations
Frequently asked questions
Do I pay interest if I don't use it?
Generally no. Interest is charged on what you draw, though some lines carry maintenance or draw fees.
How is a line of credit different from a loan?
A term loan gives you one lump sum with a fixed repayment schedule. A line of credit is revolving: you borrow, repay, and borrow again up to your limit.
Can a newer business get a line of credit?
Yes, though limits usually start smaller and grow as you build history and business credit.
Find the right lines of credit for your business
Answer a few quick questions and a funding specialist will match you with the options that fit your business.