Line of Credit Loans

A line of credit lets a borrower take out as much or as little cash as they need, up to a set credit limit. They can pay down their balance to free up more cash and lower their monthly payments. If needed, the borrower can take cash out again once the balance is freed up. A line of credit is similar to a credit card but typically has a lower interest rate.

LINES OF CREDIT

Overview

A line of credit offers flexible financing for expenses that are difficult to predict. Unlike a traditional loan with a fixed amount, a line of credit allows businesses to borrow what they need, when they need it, and only pay interest on the funds used. With options for secured or unsecured credit lines, businesses can choose between collateral-backed approvals or credit-based qualifications. This flexibility makes it a practical tool for managing projects, covering unexpected costs, and keeping cash flow steady.

Project Costs

Draw funds as needed for construction or large-scale projects.

Working Capital

Cover payroll, materials, or operating expenses when cash flow is tight.

Unexpected Expenses

Access quick financing for unplanned costs without reapplying for a new loan.

LOAN HIGHLIGHTS

Loan Highlights

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Higher Limits

Lines of credit usually have a higher limit and a lower APR than credit cards.

Revolving Access

Payments can be made to the account to be borrowed again later.

Flexible Draws

Borrowers can take as much or as little as they need from the account, up to their limit.

Business Focused

Most lines are granted to businesses and corporations, not private individuals.

150+

Lenders in our network

$500M

In available funds

24H

Fastest close

BENEFITS THAT ADD VALUE

Pros

Highly Flexible

Lines of credit are some of the most flexible financial solutions.

Reusable Funds

Cash can be borrowed more than once without reapplying for a new loan.

Budget Control

Flexible credit options make it easier to plan for unexpected fees on purchases.

No Restrictions

Funds don’t have to be used for a specific purpose, like real estate or construction loans do.

FACTORS TO CONSIDER CAREFULLY

Cons

Tax Issues

There may be some tax disadvantages to a line of credit.

Variable Interest

Interest payments change with the balance, making accounting more of a challenge.

Credit Barrier

Unsecured lines are difficult to qualify for without a stellar credit rating.

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