Typical requirements
- Usually 575+ personal credit
- About $17K+ in monthly revenue
- Consistent business bank activity
- Provider-specific time-in-business rules
Reusable business access
Business Line of Credit
A business line of credit may provide flexible access for recurring or unexpected expenses. The Capitol Fund helps owners apply and get matched with third-party options.
Limits, draw rules, fees and repayment terms vary and are subject to lender approval.
Who it may fit
A line of credit may suit an established business that wants flexible access for inventory, payroll gaps, repairs, seasonal needs or short-term opportunities.
Draw as needed
Depending on the product, the business may draw available funds when needed rather than receiving the entire limit at once.
Know the structure
Review draw fees, interest calculations, repayment frequency, renewal terms and whether the line replenishes after payments.
How it works
Qualification and access depend on the specific funding provider.
Describe the need
Tell us how a flexible line would support your business and cash-flow cycle.
Provide business data
Submit revenue, banking, ownership and credit information for review.
Compare the details
If options are available, examine the limit, cost, draw process and repayment requirements.
Line of credit FAQ
Common questions
Is a line of credit the same as a term loan?
No. A line generally provides access up to a limit, while a term product generally provides one funded amount with a defined repayment schedule.
Do I pay for funds I do not use?
That depends on the provider. Some products charge based on draws, while others may include account, maintenance or unused-line fees.
Are the typical requirements guaranteed minimums?
No. They are general guidelines only. Each provider applies its own underwriting criteria.