A business line of credit loan is ideal for short term or unexpected working capital needs, helping small businesses to take advantage of opportunities for growth, to bridge a gap, or to meet a sudden need – such as purchasing extra inventory to fulfill a large order or hiring seasonal employees to meet higher demands, for example. This flexible, revolving credit, as opposed to installment credit, is also great for offsetting seasonal fluctuations in cash flow, so if your revenue comes in ebbs and flows, a line of credit for business might be a smart choice to see you through the quieter periods.

A business line of credit loan – or revolving credit – is an alternative to installment credit that suits the unpredictability of growing a small business:

Quick access to capital, as and when you need it

Flexible, so that you can be prepared for anything, without knowing exactly how much you’ll need

No hidden fees, and you only pay interest on the amount you actually borrow

Draw multiple short term loans, without having to re-apply

The application process for a business line of credit loan is quick and simple, even if you have a less established credit history. We can get you approved in minutes and you can start drawing funds in as little as one day.

You can apply online or via one of our dedicated business advisors, and all we need to see is a government-issued ID (like a drivers’ license), a voided check from your business checking account, and three months of business statements. You can apply for a line of credit for business and get approval in advance, so that you’re prepared for anything, but there will be nothing to pay until you tap into your funds.

You only need THREE things to get started:

Government-issued photo ID (Drivers License).

Voided check from your business checking account.

Three months business statements