Funding path
Business lines of credit
A line of credit provides access to a set limit and typically charges cost only on the amount drawn.
When it may fit
- —Managing uneven cash flow
- —Seasonal purchasing and short-term expenses
- —Businesses that want reusable access to capital
What to expect
- —Limits and draw terms depend on the provider
- —Some products have maintenance or draw fees
- —Payments replenish available credit on revolving products
What to prepare
- —Recent bank statements
- —Revenue history and time in business
- —Details about existing business obligations
Rates, amounts, terms, and eligibility vary by provider and applicant. Reviewing this information does not guarantee approval or constitute a credit offer.