Line of credit

Business Line of Credit

Flexible financing, there when you need it.

Funding amount: Up to $1M
Term: 6 months to 3 years
Cost: Starting at 4.5%
Funding speed: Within 1–2 days

Washing loaded at a laundromat, where a broken machine is a cost that arrives unannounced.

Line of credit

What it is

A line of credit gives you access to a fixed amount of capital that you draw on only when you need it. Think of it as a financial safety net: it sits there costing nothing until the day it earns its keep.

When you do draw on it, you can use it for almost any business need, and you pay for what you use rather than for the whole facility.

What it gives you

What the network publishes for it

Flexible financing
No obligation to use it
Works for almost any business need
Pay for what you use

The evidence

What a lender will look at for this one

The five items from the checklist, with what this program publishes about each.

Time in business

That the business has lasted through more than one season, and that its revenue has a history rather than a start date.

What line of credit publishes
No published requirement. The lender decides.
Monthly revenue

The size of what the business can carry: how much a repayment would be as a share of what it takes in.

What line of credit publishes
No published requirement. The lender decides.
Recent bank statements

That the revenue is real. Deposits are the one figure a lender does not have to take on trust.

What line of credit publishes
No published requirement. The lender decides.
Credit

How debt has been handled before. It is one item among five, not the whole case.

What line of credit publishes
No published requirement. The lender decides.
For equipment, the quote

What the money buys and what it is worth. Qualifications vary with the equipment itself.

What line of credit publishes
Not asked for this program.