Business Line of Credit
What is a Business Line of Credit?
A business line of credit is a revolving form of financing that gives you access to a set amount of capital that you can draw from as needed. Unlike a traditional loan where you receive a lump sum, a line of credit lets you borrow only what you need, when you need it, and you only pay interest on the amount you actually use. Once you repay the borrowed amount, those funds become available again, making it an ideal solution for managing cash flow gaps, covering unexpected expenses, or seizing time-sensitive business opportunities.
Loan Details
Max. Loan Amount
$10K – $1M+
Loan Term
3 – 18 months
Interest Rates
7% – 25%
Speed of Funding
24 hours
Loan Requirements
Annual Revenue
$100K+
Credit Score
600+
Time in Business
6+ months
Pros
- Interest only on funds borrowed
- Capital always available
- Flexible for stabilizing cash flows
Cons
- More difficult to qualify
- Hard to increase credit limit
- Not ideal for growing companies
- Lower borrowing limits and fees
How To Apply for a Business Line of Credit
With our simple online application, the process is quick and easy.
Prequalify Online
Follow the steps in our simple online application to prequalify for a line of credit.
Online Approval
A dedicated Fundingverse consultant will reach out to discuss your options and finalize approval.
Receive Secure Funding
Once approved, funds are deposited directly into your business bank account.