Keep your cash flow steady with a secured business line of credit.

Quality you can trust — over 300,000 loans funded

Applying is free and won’t impact your credit.




1-2 Days


6-18 months



Benefits of a secured business credit line.

Pay interest on what you draw.

With this financing option, you pay interest only on the amount you draw, not on the full credit line that’s available to your business.

Better rates and terms.

Since your loan is backed by collateral, your lender might be able to give you better rates and terms than they could with an unsecured loan.

Separate business finances.

By opening a secured business credit line, you can easily put business costs on the account and keep business and personal expenses separate.

Minimum requirements for a secured line of credit.

If your business doesn’t match some of the qualifiers below, it may be more challenging to receive funding from our lending partners.


600 or higher


at least $50K


6 months or more

How to apply for a secured business line of credit

Sure, you can go the bank route with a long application process and 75% rejection rate. But if you’re looking for financing in this lifetime, Lendio offers a faster, easier application process.

Fill out the 15-minute online application.

It’s secured with bank-grade encryption and SSL technology, so you know your information is safe.

Receive matches.

We pair you with loan options from our network of 75+ lenders. Our dedicated funding managers can help you weigh the pros and cons of each option.

Get funded.

Once you’re approved, you’ll be able to access your capital in as little as 24 hours.

Apply Now

Why use Lendio?


funded through us


lenders in our network


loans funded

“The Lendio process was amazing”

Sterling Hannemann
Co-Owner of Seven Brothers

“Lendio literally saved my business.”

Chloria Chandler
Owner of Bobbee O’s BBQ

Secured line of credit FAQs

A secured business line of credit is a type of revolving financing that’s backed by collateral. When you open a secured business line of credit, you pledge an asset that the lender can sell in the event your business fails to repay its debt as promised. 

Collateral reduces the lender’s risk. As a result, a business might be more likely to qualify for financing, or it might be able to qualify for more attractive borrowing terms than it would have compared to unsecured credit options. 

With secured business lines of credit, your company can borrow money on demand, instead of receiving funding in a lump-sum distribution as it would with business loans. Borrow as much as your business needs—up to the credit limit—and when you repay the funds your business borrowed, the credit line becomes available to use again in the future. 

You will pay interest only on the balance you owe each month, not the full credit line. However, many secured business lines of credit do feature variable interest rates. So, between balances that revolve up and down and interest rates that have the potential to do the same, your payment amounts may vary. 

Lenders set the credit limits on secured business lines of credit based on numerous factors including the creditworthiness of the borrower. And while your account may feature a set draw period (i.e. the number of months or years you can use the credit line for purchases), lenders often renew lines of credit if your creditworthiness remains in good standing. Unless you decide to close a business line of credit yourself or something goes wrong, it might remain open and provide your business with a reliable source of flexible capital for years to come.

To apply for a secured line of business credit, you can fill out Lendio’s easy online application. This simple form lets you review your funding options in as little as 15 minutes. Once completed, you can review the lenders that might provide a secured credit line to your business, along with the other details of any financing offers for which you may be eligible.

If your business can satisfy the minimum requirements above for a secured business credit line, you may be eligible for this desirable form of funding for business owners. You can also use Lendio’s line of credit calculator to review an estimate of how much you might qualify for, along with the terms a lender might offer you based on your business details.

A secured business line of credit is backed by collateral, such as future credit card sales, an interest in your business, or something else. So, it is necessary to pledge some type of asset (aka collateral) when you apply for a secured business line of credit.

If you’re interested in a line of credit that does not require collateral, you may want to consider unsecured business lines of credit. Just be aware that it’s common for unsecured lines of credit to feature stricter qualification requirements and higher interest rates.

After you qualify for a secured business credit line and agree to the terms, you can start to enjoy the benefits of your new account. A business credit line is similar to a business credit card in numerous ways. 

You can use your new credit line to access up to a set amount of capital (aka your credit limit). But with a secured credit line, you can typically withdraw funds in cash (without the high cash advance fees and APRs you’d pay with a credit card) and use them for business-related expenses. 

Depending on the terms of your agreement, you’ll begin to repay the funds you borrow on a daily, weekly, or monthly schedule. Some lenders may allow you to repay the full statement balance early—within a grace period—to avoid interest charges. 

It’s best not to max out your business line of credit. Doing so could cost you extra money in interest fees. Additionally, it might signal to your financier that your business is in financial trouble. There is also the possibility that your lender could ask you to repay the full balance of your secured line of credit all at once. So, it’s wise to make a habit of paying down your credit line and avoid relying on it too heavily.

Once a lender approves your application for a secured business line of credit, you may be able to access your credit line as soon as the same day. (Note: This process could take up to a few weeks with some lenders.) 

Again, you’ll pay interest only on the funds your business withdraws, not the full credit limit for which a lender approves you. Depending on the terms of your agreement, your business may have to make payments to the lender each day, week, or month. Terms for secured business lines of credit can vary as well, but often span six months to two years.

Quickly compare financing options from multiple funders.

Applying is free and won’t impact your credit

Talk to a rep at (855) 853-6346
Mon-Fri 7:30am-5pm MST