Flexible Solutions

Revolving Line of Credit

A business line of credit gives you the ability to access funds from your credit line, pay back some or all of it, and access it again. With a line of credit, you decide when, if, and how to use that borrowed capital.

The 1800BizFund application can get you approved for a line of credit quickly. All you need to do is provide your business information, bank account info and personal information.

Start Your Application

Revolving Line of Credit

"*" indicates required fields

Name*
Hidden
Revolving Line of Credit
Hidden
Hidden
Hidden

1-800-BizFund needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy. By clicking submit, you agree to the above.

This field is for validation purposes and should be left unchanged.

Flexible

Access the funds you need, when you need them. Business expenses aren’t always predictable, a line of credit gives you the flexibility to choose how much and when you access your funds.

Save Money

A line of credit puts in control. You only pay interest on the funds you use meaning you can get approved today, but only accrue interest when you use the funds.

Quick Application

Apply in a few minutes and have access to the funds you need in as little as 24 hours.

FAQ

Have questions?

What is a business line of credit?

A business line of credit is a flexible form of financing that allows business owners to borrow money as needed, rather than receiving funds as a lump-sum payment such as with a small business loan. Instead of paying interest on the entire credit line, borrowers owe interest only on the funds they use.

How does a business line of credit work?

When you get a business line of credit, you’ll receive a credit limit you can borrow against in the future. Instead of receiving the full amount upfront, as in the case of a business loan, borrowers get the ability to withdraw what they need over time, known as the draw period.

Unlike a traditional business loan, borrowers are only responsible for paying interest on the amount they borrow—not the total credit limit. After the draw period, which typically lasts 12 to 24 months but can sometimes go up to five years, the repayment period starts and the borrower can no longer withdraw funds. The borrower must pay off the outstanding balance and any interest by a fixed date, which can range anywhere from six months to five years.

Are there any fees?

Common fees include origination fees for processing your loan application, annual fees and monthly maintenance fees. Make sure you understand what fees a lender charges to get an idea of what your total borrowing costs will be. An easy way to do this is to look at the annual percentage rates (APRs) a lender offers—it measures interest, plus fees.