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A flex line from $10,000 to $2 million we fund in house, each draw priced as its own advance, or an interest-bearing line arranged with a direct lending partner.
A business line of credit gives you a limit to draw against as needs arise, rather than one lump sum. There are two kinds, and we provide them in two different ways. The line we fund in house is a flex line: a limit from $10,000 to $2 million, sized the same way as an advance, where each draw is its own advance, priced as an advance — a factor on the amount drawn, not interest — and that pricing is set once, when the line opens. Draws can be requested while the account is in good standing — there is no fixed draw period — and the smallest draw is $5,000. Each draw is reviewed when it is requested, like a new advance: a decision within 24 business hours of the request and funding within 24 hours of approval. Each draw carries the disclosed origination fee set out in the agreement; there is no maintenance or non-use fee. The limit refills as it is repaid, as each payment clears. The other kind is an interest-bearing revolving line, where you pay interest only on the balance you carry. We arrange that with a direct lending partner, only after talking through the options with you and only if you choose to, never through a broker, and at no fee to you; its rate, fees, limit and any filing are the partner’s, set out in writing before anything is signed.
Either kind is the right structure when your need is recurring or unpredictable rather than a single fixed expense: bridging invoice gaps, smoothing seasonal dips, or keeping a reserve for surprises. If you need one lump sum for a known cost, a single advance sized to it — or a term loan we arrange with a partner — usually fits better, and we’ll tell you which when we review your file.
What a line costs depends on which kind it is. On our flex line each draw has its own cost — a factor on the amount drawn, at the pricing set when the line opened, plus the disclosed origination fee — stated in dollars before you take it, and the part of the limit you leave undrawn costs nothing. On an interest line the cost is set by one number no rate sheet shows: the balance you carry, averaged across the year. Draw for a few weeks and repay, and you pay for a few weeks. Draw the limit and leave it there, and you pay the full rate on the full amount every month — which, at the same stated rate, costs more than an amortising term loan, because that loan’s balance falls with each payment and a line held at its limit never does. Either way, the figure worth knowing before you choose a line is your own pattern of use, read from the last twelve months rather than hoped for across the next twelve.
Our flex line is sized the same way as an advance: its limit generally reflects the same 80%–150% of monthly revenue guideline, within $10,000 to $2 million. A business depositing $25,000 a month typically sees a limit in the $20,000–$37,500 range, and one depositing $1 million a month sees $800,000–$1.5 million — with the exact figure driven by deposit consistency more than by any single month’s total. An interest line arranged with a partner is sized by the partner and stated in writing with its other terms.
A term loan is one lump sum on a fixed repayment schedule, with interest running on the whole amount from the day it funds. A line is a limit you draw against as needs arise, and you pay only on what you draw: on our flex line each draw is priced as its own advance, a factor on the amount drawn, and on an interest line you pay interest on the outstanding balance, not the whole limit. We fund the flex line in house; a term loan or an interest line we arrange with a direct lending partner, at no fee to you, on terms the partner sets out in writing.
You are approved for a limit from $10,000 to $2 million, sized the same way as an advance — 80%–150% of monthly revenue — and request draws against it as needs arise. Draws can be requested while the account is in good standing — there is no fixed draw period — and the smallest draw is $5,000. Each draw is reviewed when it is requested, like a new advance: a decision within 24 business hours of the request and funding within 24 hours of approval. Each draw is its own advance, priced as an advance — a factor on the amount drawn, not interest — and that pricing is set once, when the line opens, so a draw’s cost is a fixed dollar figure you see before you take it. Each draw carries the disclosed origination fee set out in the agreement; there is no maintenance or non-use fee. The limit refills as it is repaid, as each payment clears.
Not our flex line. A line can be opened with no draw, and the part of the limit left undrawn costs nothing. There is no maintenance or non-use fee. A draw carries its financing cost and the disclosed origination fee set out in the agreement — the only two charges on any offer of ours — and never an NSF, wire, collection or stamp charge. An interest line arranged with a direct lending partner carries the partner’s own rate and fees, set out in writing before anything is signed. Wherever else you apply, ask for a line’s fees in writing, because that’s where lines differ most between providers.
It turns on how you would use it. A flex line suits a need that arrives in pieces you can size when they come — a supplier deal, a slow month, a job that pays in sixty days — because each draw is its own advance and the rest of the limit costs nothing. An interest-bearing line suits a balance that rises and falls week to week and is repaid quickly, where interest charged by the day on what is outstanding matches the way the money is used. We read your four months of statements first and talk both through with you; an interest line is placed with a direct lending partner only if you choose to.
4+ months in business, $10,000+ in monthly revenue with recent consistent deposits, a business checking account, and your last 4 months of bank statements. That is our floor for every application, including a line we arrange with a partner.
Once the flex line is open, each draw is reviewed when it is requested, like a new advance: a decision within 24 business hours of the request and funding within 24 hours of approval. Opening the line follows the same clock. An interest line arranged with a partner runs on the partner’s timeline, which the partner states itself.
Yes, and a line is the product where that matters most. A lump sum is priced on four months of statements the business has already produced. A line is capacity the business asks for later, on a day it chooses, and each draw is reviewed when it is requested, so what gets read is cushion rather than size — the low point of the balance, the negative days, what the account looks like in its worst week. Apply in the week the money is already short and that week sits in the window being read. Open it while the statements still show the cushion; a line that then sits undrawn until it is needed is doing its job — our flex line costs nothing while it sits undrawn, and an interest line little beyond any fee its agreement charges on the limit.
Less than you can. A revolving facility is meant to come back down between needs, and one that never does reads — to whoever reviews it — as a standing capital need rather than a revolving one, however punctually every payment arrived. A review can end with the limit reduced, and reviews tend to come when conditions are already worse. Size the limit from the trough of your cash cycle plus a margin, not from the largest figure you qualify for, because an unused limit is not a safety net. It is temptation, and where the agreement charges a fee on the limit, a cost as well.