Lines of Credit
Flexible Working Capital
How it works: Draw the cash you need directly into your business checking account at any time. Only pay interest on what you draw. Pay back your balance early any time.
Use Your Line of Credit to:
Manage accounts receivable gaps
Take advantage of new opportunities
Manage unexpected expenses
Lines of Credit FAQs
Do I qualify?
Companies in business at least 1 year
$100,000+ in gross annual revenue
A majority owner with a 600+ personal credit score
What are the rates?
Rates as low as 13.99% APR¹
Your line amount and rate will be based on our assessment of your business along with your business and personal credit
How do I pay back?
Fixed weekly payments
Automatically deducted from your business bank account, so you don’t have to worry about missing due dates
Are there any fees?
$20 monthly maintenance fee, which is waived for 6 months if you draw $5,000 or more in the first five days after opening your account
There are no fees to draw money
¹Eligibility for the lowest rates is very limited, available only to businesses with the strongest creditworthiness and cash flows, and typically businesses that have shown an excellent payment history on prior loan products LRM. The weighted average rate for lines of credit is 32.1% APR. Weighted averages are based on loans originated in quarter ending June 30, 2017.
Simple Interest: Total interest you will pay, and given as a percentage of the amount borrowed, excluding fee
Annual Interest Rate: The interest rate in annualized terms, excluding fees
Annual Percentage Rate: The interest rate in annualized terms, including fees