Business line of credit

Business Line of Credit

The safety net you need, the flexibility you want.

Let's get started.

$
Loan Amount Icon

Loan Amount

$1,000 – $500,000

Loan Term Icon

Loan Term

1-2 Year Maturity

Loan Time Icon

Time to Funds

As soon as 1-2 Weeks

Loan Interest Icon

Interest Rate

As low as 8-24%

Want flexible financing? Then you want a business line of credit.

Think of a line of credit as a financial safety net for your business. It’s there if you need it, but you’re under no obligation to use it. And when you do tap into it, you can use it to cover almost any small business need. Plus, you only pay interest on the funds you use, not the full amount. In other words, it’s as flexible as a double-jointed yoga teacher.

See your options

Business Line of Credit

Explore small business loan options from these leading lenders

kabbage-logo
bluevine-logo
fundbox-logo
headway-capital-logo
fundation-logo
Find your lender
Check

What is a business line of credit?

A business line of credit is a financial safety net for your business. It’s also one of the most flexible forms of financing. You can use it for buying equipment, hiring staff, increasing inventory, adding a second location, paying invoices, installing a cappuccino machine, and more.

And because a line of credit is revolving, you can use it as many times as you want. As soon as you repay what you’ve used, those funds become available to you again.

Check

Qualifying and applying for your line of credit is pretty easy.

To get your business line of credit, you’ll typically need to be in business at least 6 months and have $50,000 or more in annual revenue. You’ll also need a credit score of 560 or higher.

Your lender may ask you to make a personal guarantee, which is an agreement that the lender may be able to levy personal assets such as a car, house, or bank account if you default on the line of credit.

Applying is easy: simply fill out our 15-minute application, then compare business line of credit options from 75+ lenders.

Check

You pay interest on the funds you use, not the whole thing.

One of the coolest things about a business line of credit is that you only pay interest on the funds you use, not the full amount. For example, if you’re approved for a $40,000 business line of credit and you use $20,000 for office upgrades, you’ll just pay interest on that $20,000. This could save you a bundle in interest. See, pretty cool, huh?

Quotes

Lendio agent Brett was a pleasure to work with and super helpful in connecting me with the right lender for a business line of credit. This new way of banking with peer-to-peer lending is amazing for small businesses compared to the stringent large banking requirements.

Chris M.

Quickly Compare Loan Offers from Multiple Lenders

Compare Offers
from 300+ Lenders

Applying is free and won’t impact your credit
Talk to a rep at (855) 853-6346

Mon–Fri | 9am–9pm ET