Business Line of Credit

Get access to cash you need when you need it at better rates than a credit card

Fast and Affordable Business Financing

  • Competitive rates

  • 5-minute application

  • Approval in as little as 4 hours

  • No origination fee

Minimum Business Requirements

  • 650 credit score

  • 2+ years in business

  • $180K average annual revenue

Want to get rid of ridiculous rates and inflexible terms that come with a credit card?

It’s time to consider a business line of credit. Access as little or as much of your credit line as you need, when you need it, for ANY business purpose. Make payments only on the funds you draw!

Why Consider A Business Line Of Credit?

Having additional access to working capital is always a best practice when running a small business. For the times you don’t want or need a large lump sum and the long-term commitments that come with a small business loan; or the times when a business credit card is just not the right choice for the health of your business, a business line of credit may be exactly what you need. With an expedited application process, affordable rates, and flexible repayment schedules (weekly or monthly), having reliable and continuous access to cash flow has never been simpler.

Stabilize Cash Flow

Have access to working capital reserves to manage daily operations or cover unexpected business expenses, even during your slow seasons.

Small Business loans require payment even if you aren’t using the cash; but with a business line of credit, you only pay for what you use.

Easy Access

Lines of credit have less stringent requirements than a term loan. Businesses can qualify with a 650+ personal FICO, and funds can be disbursed in as little as 24 hours.

Lines of credit are a revolving type of financing, meaning that businesses can pay off balances as they go and then use the credit again as needed.

Save Money

While the overall interest rate of a line of credit can be higher than a term loan, you only pay interest on the portion of the available money you use.

Credit card rates and fees can be astronomical, but rates associated with a line of credit are typically lower, starting at just 13%.

Increase Adaptability

Whether you’re facing a crisis or an opportunity, a line of credit gives you on-demand access to working capital to navigate almost any situation.

Business seasonality can cause a cash crunch during slow times. Lines of credit allow you to balance cash flow off-season and keep your operations running smoothly.

Business Lines Of Credit – What You Need To Know

Running a business can make life very unpredictable, with unforeseen equipment repairs, seasonality disruptions, unanticipated growth, and everything in between. But with a business line of credit arranged by Funding Victory, unpredictability does not have to mean a lack of sustainability and stability. You have the flexibility to cover business expenses that are too large for a credit card at a lower interest rate or cost too little for a small business loan while only paying interest on the amount you use. Having continuous access to working capital and ensuring balanced cash flow – even during the craziest of times – has never been easier.

Do I Qualify For A Line Of Credit?

Qualifying for a Line of Credit is not as difficult as you might think! Depending on the amount you are looking to secure, there are minimal criteria that you must meet (perfect credit not required!), including:

  • You must have a personal credit score of at least 650

  • You must have established business credit

  • Your business needs to have been operating for at least 2 years

  • You need to have an average annual revenue of $180,000

How To Apply?

Applying for a line of credit through Funding Victory is simple, taking only minutes to get started. Simply fill out our online application, upload your three most recent bank statements…and you’re all set! Upon receipt of your application and bank statements, your Financing Specialist will be in touch letting you know the credit line size for which you qualify and walk you through the next steps.

Who Should Use A Line Of Credit?

Funding Victory lines of credit are available to businesses in virtually every industry and are useful when unexpected expenses arise. Here are the industries that most frequently use our Line of Credit Program:

  • Business Services

  • General Contractors

  • Trucking

  • Real Estate

  • Retail

  • Plumbing & Electric

We Silence The Noise On The Internet

There is SO MUCH INFORMATION on business financing available through the internet. Determining what information is correct, which lenders are trustworthy and which financing option is right for you can seem like an impossible task. We’re here to put an end to the noise. As specialists in the small business financing industry for 15 years, we’ve stayed on top of this ever-changing landscape. Our financing specialists are rigorously trained to have in-depth knowledge of how each financing product works and the situations in which each product is best applied.

And In Your Head

We value and use data just as much as the next guy. But, we also know that businesses are run by humans, and that many times a fully data-driven scenario is not the appropriate course of action. This is why we take a consultative approach when helping small businesses seeking financing. We listen to your situation. We get a thorough understanding of your needs. We prioritize your wishes around the type of funding you are looking to acquire. We put your mind at ease by helping you find the best possible financing solution for your business.

No Financial Smoke & Mirrors

With Funding Victory, what you see is what you get. We keep the best interests of our customers at the center of the financing process by being up-front about every aspect of the application and funding process. At Funding Victory, our core tenets are transparency, fairness and integrity – this is how we empower business owners to make educated financial decisions and keep their businesses thriving.


How does a Business Line of Credit impact my personal Credit Score?

In most cases, there will be a hard credit pull performed when you apply for a line of credit to determine your credit limit, so just applying can have a short-term negative impact on your credit score. In addition, line of credit lenders typically report to the three major credit bureaus, which can help to increase your score when payments are made on time. Finally, the amount of your revolving credit line that you use at any given time can have an impact on your credit utilization ratio (similar to the way a credit card would), which does count for 30% of your credit score in the current models used by FICO.

How does a Business Line of Credit work?

A business line of credit works similarly to a credit card. You will be approved for a certain amount and you will be able to draw on and repay funds as many times as you wish, so long as you don’t exceed your credit limit.

How long do you have to pay back a Line of Credit?

Payment terms for a line of credit are very similar to those that you see with a credit card or other revolving credit options. You only pay the principal and interest on the part of the line that you’ve used. Once you’ve paid back what you’ve drawn, that amount is available for use again. Different from credit card payments, is that your payment schedule can be daily, weekly or monthly (though, it usually falls under weekly or monthly payments), depending on the product you select.

How long does it take to get approved for a Business Line of Credit?

Getting approved for a line of credit can be an extremely quick and painless process. As long as you have all your documentation ready to submit, you can get approved within 24 hours. Upon approval, you can expect to get access to your credit line, again, within 24 hours.

How large of a Line of Credit do I need?

Overall, the size of your credit line is dependent on what you plan to use the funds for, and only you can determine this amount. However, it’s important to remember, that the size of the line that you would like to get and what you are approved for may be very different. When determining your credit line size, several factors are considered, which can include:

1.Your revenue

2.Your time in business

3.Your business and personal credit scores

4.Your industry

Lines of credit arranged through Funding Victory can range from $10,000 to $250,000.

How is a Business Line of Credit different than a Business Credit Card?

There are a few major differences between a business line of credit and a business credit card. For starters, a standard business credit card functions similarly to a personal credit card, in that you can’t just draw cash directly from the card account into your operating account to cover an expense (i.e. you can’t use a business credit card to cover your payroll). When it comes to credit limits and terms, business credit card approval is mostly based on your personal credit score. A line of credit, on the other hand, offers more flexibility on approval amounts, typically has lower interest rates, and can be used to pull cash into your operating account to cover operational expenses or address seasonal revenue shortages. There are, however, more defined terms on a line of credit. While a business credit card will continue to revolve so long as you make the minimum payment, a line of credit must be paid back within the amount of time agreed upon with your lender and expires after an agreed period. Both credit cards and lines of credit have a credit limit that can’t be exceeded.

If you’re trying to decide between a business line of credit or a business credit card, think about what expenses you are looking to get covered. If the expenses require cash-on-hand, then a business line of credit would be a better option for you. However, if the expenses can be covered with credit, you may prefer to go with a credit card.

Disclosure: Important Notice

Thank you for visiting Funding Victory! As your dedicated business advisor, we specialize in helping business owners and startups secure the funding they need to achieve victory in their ventures. Through our extensive network, we connect you with reputable lending and funding companies. However, please note that Funding Victory is not a financial institution, direct lender, or funding company. All funding decisions are made independently by the lending and funding institutions. Our guidance is not a substitute for professional financial or legal advice, and we prioritize the privacy and security of your information. While we strive to facilitate connections, we cannot guarantee funding outcomes. By using our website, you acknowledge and agree to these terms. For more information or clarifications, please contact us. Thank you for choosing Funding Victory as your trusted partner on your path to financial success and business growth!

Copyright @ 2020 Funding Victory ( a division of Credit Victory Inc )