Best small business lines of credit of March 2025.

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Applying is free and won't impact your credit*
Loan Amount
$1k–$250k
Time to Fund
1–2 days
Loan Terms
6–24 months

What is a business line of credit?

A business line of credit is a flexible financing option for businesses. It allows business owners access to a predetermined amount of money, which they can draw from as needed. Unlike traditional loans where the borrower receives a lump sum upfront, with a line of credit, the borrower can use only the amount of money they need at any given time up to the credit limit.

And because a line of credit is revolving, you can use it as many times as you want. As soon as you repay what you’ve used, those funds become available to you again.

Benefits of a small business credit line.

There are multiple benefits to a line of credit that make it ideal for businesses.

Only pay interest on the funds you use.

With a business line of credit, you only pay interest on the amount of funds you use, not the entire credit line. For example, if you’re approved for a $40,000 business line of credit and you use $20,000 for office upgrades, you’ll just pay interest on that $20,000. This could save you a bundle in interest. Pretty cool, huh?

Multiple use cases.

Just like with a credit card, you can use a business credit line for just about anything. It’s good for businesses looking to expand and in need of a little cash to set up a new location, or for working capital. It can also be great to have on deck in the event you might need funds unexpectedly or to cover a dip in cash flow due to business seasonality.

Best small business lines of credit of October 2024.

Lendio carefully selects the lenders in its marketplace and then works with you to find the best revenue-based financing for your unique situation. Read on for stats on each lender and what each lender is best at. Learn about our methodology for lender selection here.
Lender/Funder*
Loan Type
Loan/Financing Amount
Min. Credit Score
Time to Funds
BlueVine
Line of Credit
up to $250,000
625
Same day
OnDeck
Line of Credit
$6,000–$100,000
625
Same day
Idea Financial
Line of Credit
$10,000–$275,000
650
Same day
Headway Capital
Line of Credit
$5,000-$100,000
625
Same day
Fundbox
Line of Credit
Up to $150,000
600
Same day

BlueVine – Line of Credit

Funding amount
Up to $250,000
Term
6-12 months
Min Credit Score
625
Time to funding
As fast as 24 hours after approval

OnDeck – Line of Credit

Funding amount
$6,000-$100,000
Term
12, 18, 24 months
Min Credit Score
625
Time to funding
As fast as 24 hours after approval

Idea Financial – Line of Credit

Funding amount
$10,000 - $275,000
Term
24-60 months
Min Credit Score
650
Time to funding
Same day

Headway Capital – Line of Credit

Funding amount
$5,000-$100,000
Term
12, 18 or 24 months
Min Credit Score
615
Time to funding
As fast as 24 hours after approval

Fundbox – Line of Credit

Funding amount
Up to $150,000
Term
12-24 weeks
Min Credit Score
600
Time to funding
As fast as 24 hours after approval

Minimum requirements for a short-term loan.

Credit score
600+
monthly revenue
$8K+
time in business
6+ months
Quickly estimate your funding options.
Time In Business
0 - 6 Months
6 - 12 Months
1 - 3 Years
3+ Years
Monthly revenue
Industry
Credit Score
Business type
Legal partnership
LLC
Corporation
Sole proprietor
Congrats--it looks like you qualify.*

Based on your business information you could qualify for up to $ 52,000 in funding

Funding amount *

$ 36,000 - $ 52,000

*Amount is an estimate only using the information provided Businesses like yours typically receive offers like these.
Compare your funding options today.
Apply now

Many businesses don't qualify for funding for all kinds of reasons. A few factors could include:

Not enough revenue
Not enough time in business
Credit score is too low

*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.

How much can I qualify for?

Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.

How to get a small business line of credit.

Tell us about your business.

Answer a few simple questions and complete the application in minutes.

Submit your application.

We’ll present your application to our marketplace 75+ lenders. Applying is free and won’t impact your credit score.

Compare offers.

Find the funding option with the terms that best fit your small business goals.

Get funded.

Once you accept, funding can hit your bank account in as little as 24 hours.

12+ years of serving small businesses.

Get the answers and the funding you need with support all along the way.

$16+ billion

in small business funding facilitated in the last decade.

4.8 stars

21,000 Trustpilot® reviews.
50% repeat customers.

400,000+

total small business loans funded in the last decade.

FAQs

Find answers to some commonly asked questions about lines of business credit.

Is it difficult to get a business line of credit?

To qualify for a business line of credit you will need to have a credit score of 600 or higher and have a proven track record of generating revenue. Newer businesses can look at line of credit options for startups.

Do you need collateral for a business line of credit?

You can obtain a business line of credit without needing collateral. This type of credit is called an unsecured line of credit, and it does not require you to put up any collateral. However, it can be more expensive due to higher interest rates. Lenders take on a greater risk when lending unsecured funds, which is why they charge higher rates of interest.

What is the difference between a small business loan and a line of credit?

A small business loan is a lump sum of money that is given to the borrower upfront and repaid over time with interest. It is ideal for one-time investments or larger expenses. A line of credit, on the other hand, allows the borrower to access a predetermined amount of funds as needed and only pay interest on the amount used. It’s better suited for recurring or ongoing expenses. Learn more about business loans vs. lines of credit.

What is the difference between a line of credit and a credit card?

A line of credit and a credit card both offer access to funds as needed, but there are some key differences. A line of credit typically has higher limits, longer repayment terms, and may have lower interest rates compared to a credit card. It also requires an application process and may require collateral. On the other hand, a credit card is usually easier to obtain and can be used for smaller, everyday purchases.

Ready for funding?

See what you can qualify for on the Lendio Marketplace.