Business Lines of Credit
Flexible Funding for Your Growth
A business line of credit (LOC) is your financial safety net and flexible working capital solution. Unlike a traditional loan that provides a lump sum upfront, an LOC allows you to draw funds as needed, up to a set limit. You only pay interest on the amount you borrow, making it an ideal tool for managing cash flow and seizing opportunities.
What is a Business Line of Credit?
A line of credit functions similarly to a credit card but is typically tied to a business bank account and often has lower interest rates and higher credit limits.
Revolving Access
As you repay the borrowed funds, the credit limit replenishes, allowing you to use it repeatedly without re-applying.
Interest Only on Use
Interest is only charged on the portion of the credit limit you actually draw.
Flexible Use
Use the funds for nearly any business need, from payroll to inventory to unexpected expenses.
Why Choose a Line of Credit?
| Benefit | Description |
|---|---|
| Cash Flow Management | Smooth out seasonal dips or bridge the gap between invoicing and customer payment. |
| Inventory & Supplies | Quickly purchase new inventory or raw materials to meet demand. |
| Emergency Funding | Cover unexpected costs like equipment repair without draining your savings. |
| Seize Opportunities | Act fast on time-sensitive growth chances, such as bulk purchase discounts. |
| Lower Cost | Often more affordable than a short-term loan, as you only pay for what you use. |
How Our Line of Credit Works
1. Simple Application
Complete our streamlined online application with basic business and financial information.
2. Fast Approval
Our team quickly reviews your application and determines your approved credit limit.
3. Draw Funds
Access your funds via online transfer, phone call, or in-person—usually within 1-2 business days.
4. Flexible Repayment
Make regular payments (monthly/weekly/daily) based on the amount you have drawn.
5. Reuse and Repeat
As you repay the principal, your available credit automatically resets for future use.
Line of Credit vs. Term Loan
| Feature | Business Line of Credit (LOC) | Traditional Term Loan |
|---|---|---|
| Funding | Revolving credit you draw from as needed. | Single lump sum of cash up front. |
| Interest | Only on the amount withdrawn. | On the full loan amount, starting immediately. |
| Repayment | Flexible, based on usage; credit resets upon repayment. | Fixed monthly/weekly payments for a set term. |
| Best For | Working capital, cash flow gaps, short-term needs. | Large, one-time investments (equipment, real estate). |
Check Your Eligibility
Don’t wait for a financial crunch to start your application. A Line of Credit is best secured before you need it, ensuring capital is available instantly when opportunities arise.