Business Line of Credit

Up To $250,000 In Easy-To-Use Funding

What Is a Business Line of Credit?

A business line of credit gives you access to cash whenever you need it and is an extremely flexible financing option. This type of loan allows you to draw cash from your credit limit as you need it, and only pay interest on what you use.

How Does a Business Line of Credit Work?

Business lines of credit function like credit cards, but with a different structure that’s better suited for small business owners. They’re also better for tax purposes—you can write off interest on a credit line, but not for a personal credit card.

What Can A Business Line Of Credit Be Used For?

Lines of credit are intended to be flexible financing options custom-tailored to your needs. You can use them to cover expenses that are weighing your business down, or pursue exciting new growth opportunities. There are no restrictions on how you must spend this money— you can put it toward any expenses. Some of the most common ways that businesses utilize this business financing option include:

Grow Your Business

Ramp up your business and cover the expenses needed to expand hiring, payroll, take on new jobs, and more.

Operating Costs

Always have cash on hand for rent, utilities, and other costs required to keep your business going on a day-to-day basis.

Marketing Campaigns

Drum up new business and take on more customers with additional marketing campaigns in the mix.

Seasonal Slow Periods

Get the capital you need to keep your business moving during seasonal slow periods.

Inventory or Supplies

Purchase additional inventory or supplies to capitalize on busy periods and new opportunities.

Payroll

Keep a reservoir of funding to cover the costs of payroll, especially with slow-paying clients.