Business Line Of Credit
With a business line of credit, you can draw and repay funds as needed as long as you make payments on time and don’t exceed your credit limit.
REQUEST AN APPLICATIONHow does a business line of credit work?
Most lenders allow you to repay your full balance early to save on interest costs.
Line of credit borrowing limits — ranging from $1,000 to $250,000 — are smaller than a term loan.
Business lines of credit with lower credit limits are typically unsecured, which means collateral such as real estate or inventory is not required.
Line of credit borrowing limits — ranging from $1,000 to $250,000 — are smaller than a term loan.
Business lines of credit with lower credit limits are typically unsecured, which means collateral such as real estate or inventory is not required.
Right for your business?
If you are in need of a flexible source of capital to offset unforeseen business expenses or seasonal cash flow changes, a business line of credit is a sensible choice.
Generally lower interest rates than credit cards
Secured or unsecured
Non specific use of funds
Only pay for what you use
Helps build business credit rating
