Best startup business lines of credit.

Empower your startup with flexible financing solutions.

$
Applying is free and won't impact your credit*
Loan Amount
$1000–$250,000
Time to Fund
1–2 business days
Loan Terms
6–18 months

How a business line of credit works.

A business line of credit operates similarly to a credit card. It provides your startup with a set amount of funds that you can access as needed. When you draw on this line of credit, you’ll pay interest only on the amount used. The rest stays available for future needs. Repayments are made over an agreed term, and as you repay, your available credit replenishes, allowing you to use it for future business expenses. This cyclical nature makes a business line of credit a versatile financing option for managing cash flow, handling unexpected expenses, or capitalizing on new business opportunities.

Benefits of a line of credit.

1. Flexibility – A startup business line of credit offers unparalleled financial flexibility, allowing you to withdraw funds whenever necessary within your credit limit.
2. Interest on borrowed amount only – Unlike traditional loans, with a business line of credit for a new business, you pay interest only on the amount you borrow, not on the entire credit line.
3. Easy access to funds – A business line of credit for startups provides quick and easy access to funds, ensuring you can meet your financial needs promptly.
4. Builds business credit – Regular and responsible usage of your line of credit helps establish and enhance your business credit score, facilitating future financing.

Line of credit options for startups.

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.
Lender/Funder*
Loan Type
Loan/Financing Amount
Min. Credit Score
Time to Funds
OnDeck
Line of Credit
$6,000–$100,000
600
Same day
Headway Capital
Line of Credit
$5,000-$100,000
615
Same day
Fundbox
Line of Credit
Up to $150,000
650
Same day

OnDeck – Line of Credit

Funding amount
$6,000-$100,000
Term
up to 12 months
Min Credit Score
600
Time to funding
As soon as same day

Headway Capital – Line of Credit

Funding amount
$5,000-$100,000
Term
12 or 18 months
Min Credit Score
615
Time to funding
As soon as same day

Fundbox – Line of Credit

Funding amount
Up to $10,000
Term
24-60 months
Min Credit Score
3
Time to funding
As soon as same day

Minimum requirements for a startup line of credit.

Credit score
600+
monthly revenue
$50K+
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 apply for a startup 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.

$156+ 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 business lines of credit for startups.

What is a business line of credit?

A business line of credit, ideal for startups, is a flexible lending option that functions much like a credit card. It provides businesses with a predetermined credit limit, and they can draw funds as required, up to the stated limit. Interest is charged only on the drawn amount, not on the entire credit limit. It’s a revolving source of funds, meaning once you repay the money you’ve borrowed, that amount is again available for you to use. It’s an excellent way to handle unexpected expenses, manage cash flow, or fund small projects.

Can new businesses get a line of credit?

While you will need at least some time in business under your belt before you will qualify for a line of credit, there are lenders that will work with businesses that are six months to one year old that meet minimum monthly revenue and credit score requirements.

Can I get an unsecured line of credit?

An unsecured business line of credit does not require collateral, making it a desirable option for startups. However, it’s important to note that lenders typically require a higher credit score for unsecured credit lines, and interest rates may be higher compared to secured options. Always carefully read and understand the terms before proceeding with any kind of credit line.

What is a business line of credit used for?

A business line of credit for startups can be used for a variety of operational expenses, such as purchasing inventory, covering payroll, and handling unexpected costs or emergencies. It’s also an excellent resource for taking advantage of business growth opportunities such as expansion, marketing campaigns, or new project launches. The versatility of a business line of credit makes it a valuable financial tool for startups.

Ready for funding?

See what you can qualify for on the Lendio Marketplace.