From 4.5% · Up to $1M
Business Line of Credit
A limit you draw against when you need it, and pay for only when you have.
- Rate
- From 4.5%
- Amount
- Up to $1M
- Term
- 6 months – 3 years
- Funded in
- 1–2 days
Line of credit
How line of credit works
A line of credit is an approved limit rather than a lump sum. Draw on it, repay, draw again, without a fresh application each time, and pay interest on the balance outstanding rather than on the facility.
An unused line costs nothing to hold, which makes it the one program here worth arranging before it is needed — and that is also when it is cheapest to arrange, because a business that is not yet under pressure reads better to a lender than one that is.
What it gives you
Why a business takes this one
- Interest on the drawn balance only
- Refills as it is repaid
- No reapplying to draw again
- Nothing pledged against it
The application
Apply
About two minutes, no fee, no obligation, and no mark on the owner's credit score for asking.
Rather talk to somebody first? (844) 528-8696, Monday to Friday.
The rate card
Its price beside the other five
| Program | Rate | Amount | Term | Funded in |
|---|---|---|---|---|
| Line of credit | From 4.5% | Up to $1M | 6 months – 3 years | 1–2 days |
| Working capital | From 4.5% | Up to $1M | Daily or weekly ACH | 1–2 days |
| Term loan | From 5.5% | $20K – $1M | 12 – 36 months | 1–2 days |
| Short-term loan | From 6% | $10K – $1M | Up to 24 months | 1–2 days |
| Equipment financing | From 8% | Up to $250K | 1 – 5 years | 1–2 days |
| Cash advance | 10% – 35% factor | $5K – $500K | Daily or weekly ACH | 24–48 hours |
A factor rate is not an interest rate and the two cannot be compared by putting the numbers side by side. A factor of 10% on $100,000 is $110,000 to repay whether it takes six months or eighteen — paying it off early does not make it cheaper. Interest does fall if the balance does.