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Line of Credit

What is a Line of Credit?

A Line of Credit, also known as LOC, is an arrangement between a lender where a maximum amount of funds are available for withdrawal. Unlike a business credit card, this maximum amount is very high (up to $100,000), and is often used to offset some of the day to day unpredictabilities that come with operating a business. At any given time, the borrower can withdraw up to the maximum amount on the line – and only pay interest on funds they withdraw. As the principle is reduced via incremental payments, available funds increase up to the maximum amount on the line.

How can a Line of Credit benefit my business?

A Revolving Line of Credit helps to take care of a company’s short-term operations. Unlike a traditional small business loan, the borrower does not need to use all the capital at once. This is great for managing fluctuating cash flow. For a growing business, having that flexibility can be vital. A Line of Credit can be used for handling cash flow issues, equipment purchasing, payroll, or anything in-between!

A revolving line

A Line of Credit is a revolving account. This means borrowers are able to use capital from the line continuously as they are paying the withdrawn amounts.

Fast, easy access to funds whenever you need it.

Sign up (5 Minutes)
Decision Process (Up 24 hours)
Accessing Funds (2 Minutes)
Getting Funds (Instantaneously)

Transparent fees. Interest rates as low as 6.9%

No maintenance fees

No prepayment penalties

No unused credit fees