Financing / Lines of credit
Lines of credit
A credit limit you draw from as needed. Uneven cash flow, seasonal gaps, and expenses you cannot fully predict.
| Credit limits | $6,000 to $250,000 |
|---|---|
| Repayment | Each draw over about 6 to 24 months |
| Payments | Weekly or monthly |
| Time in business | Usually 1 year or more |
| Revenue | Usually $100,000+ per year |
| Personal credit | Usually 600+ |
| Priced as | APR |
How it works
You get approved for a limit and draw only what you need. You pay interest on the amount you have drawn, and as you repay, that credit becomes available again.
A line costs nothing to hold on some programs and carries a maintenance fee on others. We point that out before you accept.
A good fit when
- You want a cushion ready before you need it.
- Your expenses swing month to month.
- You would rather not pay interest on money sitting in the bank.
What to watch for
- Draw fees and monthly maintenance fees vary widely between lenders.
- Some lines reset the repayment term with every new draw.
Guidelines vary by funder and change over time. Meeting them does not guarantee approval, and some funders approve outside them. We'll tell you where your business stands after we review your application.
Other options
Fuel for what's next.
One application, multiple funders, and every offer explained in plain numbers. Applying is free, and there are never upfront fees.