Business Line of Credit — Draw Only What You Need
Draw what you need, pay only on what you use. Revolving access.
See if I qualifyA business line of credit is revolving capital: you're approved for a limit (typically $10,000 to $250,000), and you only pay interest on what you actually draw. Once you pay it back, the credit is available again — like a business credit card without the card. It's the right tool for seasonal cash flow, payroll smoothing, inventory cycles, and unexpected expenses.
Fundwise compares offers from bank and fintech lenders so you see the lowest-rate line you actually qualify for. Bank lines of credit typically run 8–15% APR; fintech lines (Bluevine, OnDeck, Fundbox-class lenders) run 15–35% APR with faster funding.
Who qualifies
- 6+ months in business (12+ months for bank lines)
- $10,000+ in monthly revenue
- Personal credit score 600+ (650+ for the best rates)
- A business checking account with consistent deposits
How it works
1. Soft-pull rate check
Connect bank or upload 3 months of statements. We pull offers with no impact to your credit score.
2. Pick the line that fits
Compare limit, draw fee, and APR side by side. We'll flag the lowest all-in cost.
3. Draw on demand
Most lines are set up in 1–5 business days. After that, draws hit your bank in hours.
Frequently asked questions
What's the difference between a line of credit and a term loan?
A term loan is a lump sum repaid over a set period. A line of credit is revolving — you draw what you need, repay, and redraw. Lines are cheaper when you don't need the full amount up front.
Does a business line of credit affect my personal credit?
Application uses a soft pull (no impact). Once approved, most fintech lines don't report to personal credit unless you default. Bank lines may report to business credit bureaus.
How fast can I get a business line of credit?
Fintech lines: 1–3 business days to approval, same-day draws after that. Bank lines: 2–4 weeks.
What can I use a business line of credit for?
Any business expense — payroll, inventory, marketing, equipment, gap financing on a receivable. Lenders don't restrict use the way SBA loans do.
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