About Line of Credit

Get instant access to the funds you need for your business.

What is a Line Of Credit? 





A business line of credit is a form of small business funding that provides a pool of funds to draw from when you need capital for business expenses. Draw on your small business line of credit to easily access capital to handle cash flow gaps, get more working capital, buy inventory, or address almost any other emergency or opportunity. You’ll only repay what you withdraw, and you’ll do so with an agreed-upon interest rate and repayment term.

Maximum Loan Amount

$1K to over $100K

Loan Term

12 weeks to 24 weeks

interest rates

4.9% - 9.9%

speed

As fast as 1 day

Who Qualifies for Business Lines of Credit?

What sorts of businesses are eligible for this flexible financing?

Younger, less established businesses might be able to qualify for short-term lines of credit, while medium-term lines of credit are more for businesses with good credit and a solid financial history.

The maximum amount of funding available, introductory duration of the credit line, and repayment terms depend on your business’s revenues, credit rating, history, and other factors.


Most customers who were approved had:

**Based on  The Funding Ninjas past customers.

Annual Revenue

Over $25K

Credit Score

550

Time in Business

Over 1 year

How To Apply


A business line of credit application can be a very easy process, depending on the line of credit lender you’re working with. Online business line of credit providers will have quick, streamlined applications, thanks to the use of technology in their underwriting processes. On the other hand, traditional banks will have more intensive business line of credit applications.

Generally speaking, online business line of credit providers offers smaller, shorter-term options that will come with an easy and fast application process. Meanwhile, banks will offer larger and longer-term options might require more paperwork and could take slightly longer to fund.


   Documents you need:

 Business Bank Account

Bank Statements

How Does a Business Line of Credit Work?



Surprises happen—it’s a fact of life.

But how can you expect the unexpected when it comes to your business? A single accident could set you back a long way if you’re not prepared.

That’s why flexible business financing is so important.

And Fundera helps thousands of small business owners get that flexible funding in the form of a business line of credit.

Here’s what you need to know about a business line of credit—and how it can help you weather storms and take advantage of unforeseen opportunities.

Only pay interest on funds drawn

Our loan rates and charges are very attractive 

Suitable for a wide range of business purposes

Our loan rates and charges are very attractive

Capital is available when needed

For funding medical expenses, hospitalization, surgery, No collateral required.

Bad credit is acceptable

Credit is not a factor.

Business Lines of Credit: The Fundamentals
Business Lines of Credit vs. Traditional Term Loans: How They Differ
Different Kinds of Business Lines of Credit
The Benefits of a Business Line of Credit
Business Line of Credit vs. Credit Card: What’s the Difference?

What Will a Business Line of Credit Cost You?



The basic cost of a business line of credit is pretty straightforward: when you take, you pay.

Unlike with a traditional term loan, which is one big lump sum with regular repayments, with a business line of credit you’ll only pay interest on the cash you draw.

An Example of Withdrawing Funds & Paying Them Back

FREQUENTLY ASKED QUESTIONS



If you have a question we are here to help!

How fast is the approval process?

Get a Quote



Now apply for a Line Of Credit online, All you need to do is provide your details below application form.

Fields marked with an * are required