What is a business line of credit and how does it work?
A line of credit is one of the most flexible business funding options on the market.
With a business line of credit, you receive a credit line of a specified amount, and you can draw funds at any amount up to your limit. You’ll only need to pay back the funds you draw and you only accrue interest on those funds.
A business line of credit is a great financing option to support your cash flow, purchase inventory, or upgrade equipment.
Do I Qualify For A Line Of Credit?
- 680+ Fico Credit Score
- $25,000+ annual revenue
- 6+ months time in business
What’s needed to apply:
- PBC application
- 4 months of business bank statements
- Recent credit report
- Most recent business and personal tax return