- Funding up to $5 Million
- Same-Day Approvals
- No Hard Credit Inquiry
- High Approval Rates
What is a business line of credit and how does it work?
A business line of credit is a flexible form of financing that lets you borrow from a pre-approved amount. You’re given a credit limit, and you can draw funds as needed. You only pay interest on what you borrow.
Unlike term loans, a line of credit is often used for recurring business expenses or bridging cash flow gaps. With Credible Lending, as you repay what you borrow, your available funds replenish. This is called a revolving line of credit. Plus, we report your payment history to the business credit bureaus to help you build business credit.
Only Pay for What You Borrow
Withdraw only what you need and pay interest solely on those funds.
Instant Funding, No Questions
Get your money within seconds — available 24/7, even on nights and weekends.
Build Business Credit
We report to business credit bureaus, helping you build credit with on-time payments.
Flexible Funding
Lines of credit from $10,000 up to $5,000,000, offering the flexibility your business needs.
Let’s See
if We Match
- 1 year in business
- $10K+ in monthly revenue
- 625 FICO score
Frequently Asked Questions
With a Credible Lending Line of Credit, your funds are easily accessible and consolidated into one manageable loan with a simple weekly payment. As you repay the principal, your available credit is restored. Unlike many online lenders, our line of credit has no draw fees—only a straightforward monthly maintenance fee. Customize your payment amount and term to find a plan that works best for your budget.
There are some times when you could really use access to additional funds. Based on your cash flow, net income and payback history, you may be eligible for a credit line increase.
The total cost of your line of credit will vary based on a number of factors, including your personal and business credit scores, time in business and annual revenue and cash flow.§
You may have a project that could benefit from other types of small business loans beyond your business line of credit. At Credible Lending we understand, and we offer term loans that provide lump-sum funding up to $250,000. Reach out to your dedicated loan advisor if you think a term loan could help your business.
We report your payments to business credit bureaus so that every time you pay on time, you’re helping your business build a strong credit profile.
Secured business line of credit. This type of line of credit requires businesses to put up specific assets as collateral. Since a line of credit is a short-term liability, lenders typically ask for short-term assets, like accounts receivable or inventory.
Unsecured line of credit: While this type of line of credit doesn’t require specific collateral, your lender will likely place a general lien on your business and require a personal guarantee from you. You’ll likely need a stronger credit profile to qualify, and interest rates may be higher. Additionally, keep in mind that unsecured lines of credit typically come with a lower credit limit.
Revolving line of credit: With this type of line of credit, you replenish your available funds as you repay what you borrow. This gives you access to future funding without needing to reapply. Credible Lending business line of credit is a revolving line of credit.
Non-revolving line of credit: A non-revolving line of credit is just like a revolving line of credit except your available funding doesn’t replenish as you make payments. You’re given a capped credit limit, and when you reach that amount, you exhaust your funding.
Your Trusted Partner in Small Business Lending
At Credible Lending, we offer online personalized financial solutions supported by real experts. Your U.S.-based loan advisor is here to guide you every step of the way.