Business Line of Credit

Apply Online for a Business Line of Credit

Experience the Freedom of a Revolving Line of Credit: Borrow as Needed, Pay for What You Use.

Empowering Your Financial Future

Credit lines up to

$250,000

Rates as low as

4.8% of your monthly revenue

Approvals as fast as

5 minutes

What is a Business Line of Credit?

Similar to using a credit card for your personal expenses, a business line of credit offers a way to access capital as you need it, supporting your ongoing growth and financial needs. It’s a versatile form of business financing that allows you to draw funds as required, up to a specified limit.

A line of credit functions as a credit account with a predetermined limit, which can be used and repaid over time. It’s a preferred choice for business purchases like inventory, supplies, and operational costs, as it offers advantages over traditional loans.

Businesses commonly turn to a line of credit for purposes such as renovating or expanding their physical locations, acquiring tools or equipment, covering payroll expenses, or managing any significant operational costs.

FundMate specializes in providing business owners with the best line of credit options, offering greater flexibility compared to regular business loans. Whether you’re looking to seize growth opportunities or navigate through challenging periods, our tailored solutions can help you access the capital you need, precisely when you need it.

Fast Working Capital Made Simple

Funds Available on Demand

Experience Peace of Mind with On-Demand Business Funds: Access Capital with the Click of a Button

Only Pay for What You Use

Transparent and Cost-Efficient Financing: Pay Only for What You Use. No Opening, Maintenance, Prepayment, or Closure Fees.

Access to a Revolving Line

Borrow What You Need, When You Need It. Your Credit Line Refills as You Repay.

Financing that Grows with You

We support your business growth by getting you the right credit line for your business size at any stage.

Types of Business Line of Credit

Revolving Business Credit Score: Businesses with a strong credit score typically enjoy higher credit limits, which remain intact even after withdrawals are repaid. This revolving credit allows for ongoing access to funds as needed.
Non-Revolving Business Credit Score: For small businesses with weaker credit scores, credit limits are generally lower, and the credit doesn't automatically replenish as funds are repaid. Once the credit limit is reached, additional funds may not be available until the existing balance is paid off.
Secured Business Line of Credit: A secured business line of credit is backed by valuable assets such as vehicles, accounts receivable, equipment, or inventory. These assets serve as collateral, reducing the lender's risk. This can make it easier to qualify for the credit, and it may come with more favorable terms.
Unsecured Business Line of Credit: An unsecured business line of credit typically has higher interest rates and stricter qualification criteria because it doesn't require borrowers to provide collateral. Approval relies heavily on the buisnesses creditworthiness and financial stability, making it a riskier option for lenders.

What you need to get started

Minimum qualifications

What you need to apply

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How Does a Business Line of Credit Work?

Small businesses can effectively navigate periods of growth or fluctuating cash flow by utilizing a business line of credit. This financial tool is valuable for managing cash flow, making inventory purchases, or addressing unexpected expenses.

A revolving line of credit, even when not actively used, offers flexibility and should be considered before the need becomes urgent. Applying for business funding when it’s not immediately required allows for better financial planning and preparedness.

A business credit card operates similarly to a line of credit, offering both benefits and drawbacks. You only pay interest on the borrowed amount, and if you manage your borrowing wisely, you can choose to use or repay the funds within the credit limits provided.

How It Works

Fill Out Our Quick & Easy Online Application

We Find The Best Possible Offer For Your Business In Minutes

Receive The Funds In Your Account In Under 24 Hours

Secured and Unsecured Line of Credit

If you are getting line of credit for your business that are of two types; Secured and unsecured line of credit. Let us show you some more information about secured LOC and unsecured LOC.

Secured Line of Credit

A secured line of credit is where a lender or agent extends credit to you based on an asset you provide as collateral. If, for any reason, you are unable to repay the credit, the lender or agent has the right to seize the asset. While this arrangement carries more risk, it typically offers business owners higher credit limits and lower interest rates compared to unsecured business lines of credit.

For business owners, there are various types of credit options based on security. One such option is the Home Equity Line of Credit (HELOC), which is a collateral-secured line of credit designed to support small businesses. HELOCs use your home equity as collateral, providing you with access to funds that can be used for various business needs. These secured credit options can be valuable tools for businesses looking to secure financing for growth or other financial requirements, but it's important to understand and carefully manage the associated risks.

Unsecured line of credit

An unsecured line of credit is a type of credit facility where no collateral is required for approval. This means that you don't need to pledge assets or property to secure the credit. Unsecured lines of credit are typically approved more quickly, making them a faster financing option.

However, because there is no collateral for the lender or agent to seize in the event of non-payment, unsecured lines of credit come with certain characteristics and risks:

• High Interest Rates
• Shorter Lines of Credit
• More Difficulty Qualifying