Business Line of Credit
Revolving
Flexible
Adjustable
What is a business line of credit and how does it function?
A business line of credit is a financing option that provides you with access to a predetermined amount of funds. You are allocated a maximum credit limit, and you have the flexibility to withdraw funds as needed within this limit. Interest and fees are only applied to the amount you utilize.
Unlike a term loan, a business line of credit is often utilized for managing ongoing operational costs or bridging short-term financial gaps. With Quickin Funds, your available credit is replenished as you repay the borrowed amount, making it a revolving line of credit. To assist in building your business credit profile, your LOC repayment activity is reported to the business credit bureaus.
Advantages of a business line of credit.
Immediate Access to Funds
Cost-Efficiency
Enhance Your Business Credit
Compatibility check: See if you meet our business term loan standards.
1 year
Minimum time in business
$75k
Annual Business Revenue
600
Personal FICO score
Business
Checking account
Financing solutions that keep pace with your business.
Fill out the application.
Our efficient application process is quick and can be finished in just a few minutes.
Receive your offers.
We’ll inform you about your eligibility for our term loan or line of credit, or possibly both. Upon approval, select the amount you want to borrow and your repayment schedule.
Access your funding.
Complete your agreement signing to receive your funds, potentially on the very same day
