Line of credit
How business line of credit works- Amounts
- $5K–$300K
- Price
- Rate 3%–5% (per month)
- Term
- 3–24 months
- Repayment
- Variable
- Minimums
- Credit 700+ · Time in business 6 months · Revenue $20K/mo
- Speed
- As fast as 4 hours
- Fees
- No draw fee or origination fee amount is published for the line of credit; the page only notes generically that a provider may charge 'a fee for each draw'.
- Personal guarantee
- Required
Sources (1)
"Business financing from $5,000 to $300,000"; "Monthly interest rate 3-5%**"
credibly.com/business-line-of-credit · checked 2026-09-10