Funding Options
Business Line of Credit
Flexible Business Line of Credit
for
Small Businesses
Discover the ins and outs of business lines of credit—from how revenue-based financing and revolving credit lines work to their top benefits and critical considerations. Learn how this flexible funding solution can deliver quick capital access and working capital when you need it most, and find out how to choose the right provider—from Merchant Cash Advance Direct Lenders to SBA Business Loan specialists—to secure the best line of credit for your business.
Get fast and flexible funding with a business line of credit tailored to your needs.
Access Business Funding Exactly When You Need It
Get fast, flexible business funding so you can focus on growth.
Only takes 5 minutes and doesn’t impact your credit score
Access Business Funding Exactly When You Need It
Get fast, flexible business funding so you can focus on growth.
See If You Pre-Qualify
Only takes 5 minutes and doesn’t impact your
credit score
Business Line of Credit
SVP Funding Group helps eligible businesses secure a line of credit from $50,000 to $100,000 through our trusted lending partners. With convenient access to capital, you can manage cash flow or drive business growth when it matters most.
Predictable
Payments
Pay monthly over a 36-month term. Your fixed schedule offers stability and makes it easier to forecast and manage your cash flow.
No Draw
Fees
You can pull funds as needed with no extra charges per draw. Keep more of your money working for your business every time you borrow.
Flexible Capital
Access funds anytime over 24 months. If no balance is owed, you won’t need to make payments—flexibility when you need it most.
Convenient Application
Get started with minimal paperwork—just 6 months of bank statements and a debt schedule. No tax returns or complex documents needed.
What Is a Business Line of Credit?
Our business line of credit is a flexible financing solution that provides a revolving pool of funds you can draw on only when needed—so you pay interest solely on the amount you use. This on-demand capital helps you smooth out cash flow, cover unexpected expenses, and seize growth opportunities with confidence.
Small Business Banking, Redefined
Our mission is simple: empower small businesses to thrive by providing easy access to essential financial services.
We drive small business growth through innovation and a personal touch. Say goodbye to slow, complex banking built for big corporations. We’ve transformed banking for small businesses—combining modern technology with dedicated support. When you need financing, we make it simple and fast to get to “yes”—cutting through complexity with a streamlined, transparent process.
Experience the future of small business banking. Welcome to a new era.
How Does a Business Line of Credit Work?
A business line of credit delivers a preset pool of working capital you can tap into on demand—much like a small business cash advance or revenue advance financing option. You borrow and repay within your credit limit, paying interest only on the funds you use. This flexible alternative funding solution helps you manage cash flow, cover unexpected expenses, and maintain quick capital access without the constraints of an SBA Business Loan.
How to Use a Business Line of Credit
Lines of credit—from Merchant Cash Advance Direct Lenders to traditional SBA Business Loan providers—offer a flexible source of working capital and quick capital access to manage cash flow, cover operational expenses, or bridge revenue gaps during slower periods. As an alternative funding solution and revenue-based financing option, they also empower you to fund short-term projects or seize unexpected growth opportunities without the long-term commitment of an SBA Business Loan.
Cover Seasonal Expenses
Companies experiencing seasonal revenue swings can rely on a business line of credit—an alternative funding solution and working capital source—to smooth cash flow during slower months. Whether you’re tapping into quick capital access from Merchant Cash Advance Direct Lenders or leveraging revenue-based financing, this revolving credit line ensures you can cover payroll, operational expenses, and short-term needs without the rigidity of an SBA Business Loan.
Purchase Inventory in Bulk
Businesses can leverage a revolving line of credit—whether from Merchant Cash Advance Direct Lenders or via revenue-based financing—to purchase inventory in bulk at discounted rates. This alternative funding solution and capital funding service lets you secure the inventory you need without draining your cash reserves, boosting profit margins while maintaining working capital.
Fund Marketing Campaigns
Businesses can leverage a revolving line of credit—whether from Merchant Cash Advance Direct Lenders or via revenue-based financing—to purchase inventory in bulk at discounted rates. This alternative funding solution and capital funding service lets you secure the inventory you need without draining your cash reserves, boosting profit margins while maintaining working capital.
Revolving vs Non-Revolving Lines of Credit
Lower Interest Rates and Favorable Terms
SBA Business Loan rates are typically lower and feature longer repayment terms than conventional financing, resulting in more manageable monthly payments and less financial strain.
Flexible Use of Funds
An SBA Business Loan can address diverse business needs—whether you’re purchasing inventory, acquiring equipment, covering operational expenses, or financing expansion. This flexible financing solution lets you allocate capital where it’s needed most.
Why Apply for a Business Line of Credit?
Pros & Cons of
Lines of Credit
Pros
- Revolving Credit
- Builds Credit History
- No Collateral Required (in Some Cases)
Cons
- Variable Interest Rates
- Annual Fees
- Maintenance Costs
Line of Credit
PRODUCT OVERVIEW
Loan Size
- $50,000 – $100,000
Loan Description
- Line of credit
Use of Proceeds
Hire a new staff member
Acquire additional inventory
Finance an upcoming project
Take advantage of a new business opportunity
Disbursement of Funds
At origination, businesses may request the full amount of the line of credit balance to be disbursed into their business bank account, less required fees.
If no funds are immediately required, the business may request to only draw the balance required to cover fees.
Pricing & Fees
Business line of credits products have a variable rate (subject to credit approval by the lender).
One time 6% origination fee at closing and a flat $750 closing costs. Standard wire transfer fees may apply.
While some lenders may charge additional fees for drawing funds, for this line of credit there are no additional fees for withdrawals.
On the first anniversary of the funding of the line of credit, the partner lender will charge a 1% annual management fee based on the approved line of credit amount.
Underwriting
- Based on bank statement data
Geographic Coverage
- Nationwide
Line of Credit
QUALIFICATIONS, BORROWER ELIGIBILITY & OPTIONS AT MATURITY
Key Requirements
Minimum 3 years in business
U.S. based business owned by a citizen or lawful permanent resident
FICO of 680 or higher
Minimum annual revenue requirement of $250,000
No outstanding tax liens
No bankruptcies or foreclosures in the past 4 years
No recent charge-offs or settlements
No history of excessive overdrafts on business accounts or negative balance days
6 months of business bank account statements for all accounts required
Public Records
No bankruptcies or foreclosures in past 4 years
No open tax liens
Documents Required to Close
- One time application fee of no more than $2,500
- Approximately $450 in bank closing costs
- Loans of $500,000 or less require a 1.7% SBA guarantee fee (still currently waived by SBA pending future program updates)
Line of Credit
PRODUCT OVERVIEW
- $50,000 - $100,000
- Line of credit
- Hire a new staff member
- Acquire additional inventory
- Finance an upcoming project
- Take advantage of a new business opportunity
- Full balance disbursed at origination (minus fees)
- Or draw only the amount needed to cover fees
- Variable rate (based on credit approval)
- 6% origination fee + $750 closing costs
- No withdrawal fees
- 1% annual management fee on anniversary
- Based on bank statement data
- Nationwide
Line of Credit
QUALIFICATIONS, BORROWER ELIGIBILITY & OPTIONS AT MATURITY
- Minimum 3 years in business
- U.S. based business owned by a citizen or permanent resident
- FICO of 680 or higher
- Minimum $250,000 annual revenue
- No outstanding tax liens
- No bankruptcies or foreclosures in past 4 years
- No recent charge-offs or settlements
- No history of excessive overdrafts or negative balances
- 6 months of bank statements for all accounts
- No bankruptcies or foreclosures in past 4 years
- No open tax liens
- 6 months of business bank statements
- Current business debt schedule
- Application fee not more than $2,500
- Approximately $450 in closing costs
- Loans ≤ $150,000 require 17% SBA guarantee fee (currently waived)
Is a Business Line of Credit Right For You?
Lines of credit offer flexible funding and fast access to capital, making them ideal for managing cash flow.
However, businesses should consider all available financing options to choose the solution that best fits their financial goals and operational needs.
Additional Loan and Financing Options to Consider
SBA Loan
An SBA Business Loan is a financing option backed by the U.S. Small Business Administration to support small businesses. The SBA’s partial guarantee lowers lender risk, enabling you to secure funding with more favorable terms—such as reduced interest rates and longer repayment periods.
Revenue Advance: A Flexible Lending Alternative
A revenue advance provides upfront capital based on your projected future sales, with repayment structured as a percentage of your daily earnings. As an alternative funding solution, it often outpaces an SBA Business Loan in approval speed and flexibility. Unlike a traditional small business loan with fixed monthly payments, this revenue-based financing adjusts repayments to match your cash flow—giving you quick capital access without the burden of rigid repayment schedules.
Minimum Eligibility Requirements
Time in Business
Minimum 1 Year
Business Annual Growth Revenue
No minimum
Business Checking Account
Yes
US Citizen/Based Company
Yes
FICO Score
500+
Other Funding
None
Bankruptcies
None preferred
Business Line of Credit FAQ
Our SVP Funding Group team will take a close look at your needs to help you decide if a business line of credit is the right fit for your business.
We look at more than just your credit score. Our technology and team will help find a funding solution that fits your situation—even if your credit isn’t perfect.
Just one to know about.
On the first anniversary of your funding, the lender charges a 1% annual management fee based on your approved credit line.
It’s up to your needs.
At closing, you can request the full amount or just what you need. The rest stays available for later, so you only pay for what you draw.
Options at the end of your term.
After 24 months, if you have a balance, you’ll start paying it off on a set schedule. If you’re paid off, your line simply closes. You can also ask to refinance your remaining balance if you need more time.
Use it how your business needs!
Your line of credit is flexible. Use the funds to cover payroll, hire staff, buy inventory, finance projects, or invest in new opportunities.
Yes, through our network.
SVP Funding Group partners with other banks to help secure lines of credit between $50,000 and $100,000 for your business.
