Line of Credit
Access to funds when your business needs it the most
Access your Line of Credit and keep your business on track.
Key Benefits
No prepayment penalties: withdraw money from your business line of credit only when you need it, and pay interest only on what you draw
Instant Funding: funds are sent to your account in seconds every time you make a draw, 24/7 even on nights and weekends*
Revolving line of credit: funds replenish as you pay them back, and additional draws are consolidated into one loan with one easy weekly payment
Business credit building: We report payments to bureaus so that your on-time payments help build business credit
Minimum Requirements
Time in Business - 1 Year
Personal Fico ® Score - 600
Business Annual Revenue - $100K
Business Bank Account - Yes
Short Term Loans FAQ’s
What is Instant Funding*?
Instant Funding is the fastest and easiest way for small business owners to access working capital to run their business. Draw from your line of credit when you need it and see the funds in your account in seconds, 24/7 even when the banks are closed – so you can get back to business as fast as you can click “draw funds.” And the best part is Instant Funding is available at no extra cost.
How does my line of credit payback work?
Unlike other online lenders – our line of credit is revolving with no draw fees. Funds replenish as you pay them back – and additional draws are consolidated into one loan with one easy weekly payment.
Can I get a credit line increase?
There are some times when you could really use access to additional funds. Based on your cash flow, net income and payback history you may be eligible for a credit line increase. All you need to do is call your dedicated loan advisor to learn more.
Can I get a term loan in addition to my line of credit?
You may have a project that could benefit from funds beyond the capabilities of your business line of credit. We understand and our term loans are available in addition to your business line of credit. Reach out to your dedicated loan advisor to explore some of your available options.
How much will it cost? Interest rates start at 10.99% annual percentage rate (APR). The total cost of your line of credit will vary based on a number of factors, including your personal and business credit scores, time in business and annual revenue and cash flow*.