Business line of credit
A lending partner sets a limit you can draw on whenever you need it. You pay interest only on what you use, and the limit can be used again as you repay. We compare partners and show the fees before you decide.
How you repay
Interest on the amount drawn, repaid on a schedule the partner sets. As you repay, the limit is available again.
Figures come from the partner's offer. We show them in dollars before you decide.
Does it suit you?
It may suit you when
- Ongoing, changing needs such as stock or gaps before payday
- Steady income to repay what you draw
- Wanting funds on standby
It may not suit you when
- One large purchase, which suits a fixed term better
- Drawing regularly to cover a loss
- Needing a larger sum than a limit would allow
Watch for
- Fees can apply even when the limit is unused
- The partner can review or reduce the limit
- Interest builds on every dollar drawn
See the cost in dollars
Answer a few questions. We will say whether this looks like a fit and show the cost before you decide.
Approval is never guaranteed. A funding partner makes the final decision.