HELOC for Business — The Lowest-Cost Capital You Already Own
Tap home equity to fund your business — often the lowest-cost capital available.
See if I qualifyA HELOC (Home Equity Line of Credit) is a revolving line secured by the equity in your home. Because it's secured by real estate, it's typically the cheapest capital available to small business owners — 7–10% APR vs. 15–35% on unsecured business credit. You draw what you need during a 10-year period, then repay over 20 years.
Fundwise compares HELOC offers on your primary residence, second home, or rental property (investment-property HELOCs go up to 75% LTV at 8.5–11%). Funds are unrestricted: use them for your business, a down payment on a flip, debt consolidation, or any cash flow gap.
Who qualifies
- Homeowner with 20%+ equity (10% on some primary-residence programs)
- Personal credit 680+ (660+ for some lenders)
- Debt-to-income under 43–50%
- Verifiable income — W-2, 1099, or bank-statement programs available
How it works
1. Equity check
We pull a quick valuation and confirm your available equity at the lender's max LTV.
2. Soft credit pull and offer
See your rate, line size, and draw terms before any hard pull.
3. Close in 14–30 days
Appraisal, title, and recording. Funds available on draw day one.
Frequently asked questions
Can I get a HELOC on a rental property?
Yes. Investment-property HELOCs typically max at 75% LTV (vs. 85–90% on primary residence) and run 1.5–2.5% higher in rate. We work with several lenders that specialize in non-owner-occupied HELOCs.
Can I use a HELOC for my business?
Yes — once funds are drawn, there are no restrictions. Many business owners use a HELOC as their cheapest source of working capital or as gap financing on a real estate deal.
HELOC vs. cash-out refinance?
Cash-out refi: lump sum, fixed rate, new first mortgage. HELOC: revolving, variable rate, leaves your first mortgage in place. If your first mortgage rate is below current market, a HELOC almost always wins.
How long does a HELOC take to close?
Typically 14–30 days from application to funding. The slowest step is usually the appraisal.
Why apply through Fundwise
- One application, every lender we partner with
- No hard credit pull to see your matches
- Free Money screening for tax credits included
- Real human concierge if you get stuck