Business Line of Credit

Draw it down, pay it back, draw again

The facility is approved once and stays open. You draw what you need, when you need it, and interest runs only on the drawn balance — an unused limit costs nothing to hold. As you repay, the headroom returns. It is the right instrument for recurring gaps rather than one large purchase, which is why businesses with lumpy receivables tend to keep one open.

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$10,000 – $250,000Credit limit
12-month revolving facility, reviewed annuallyTerm
Decision in one to two business days, drawdowns within oneFunding speed

A stockroom being counted against an open purchase order

Terms

Every number on this product, in one place

Credit limit: $10,000 – $250,000
Cost: Interest on the drawn balance; no charge on the unused portion
Repayment: A monthly payment covering interest and a share of principal
Minimum draw: $1,000, transferred the same business day where requested before 2pm ET
Facility term: 12 months revolving, reviewed for renewal at the anniversary
Decision: One to two business days

In practice

Where an advance earns back what it costs

Recurring, unpredictable working-capital gaps rather than a single planned outlay.

There is no fee to open the facility and no charge for leaving the limit untouched.
Repaid principal becomes available again without a fresh application.
Draws land in the business account, usually the same business day.
The limit is reviewed each year against current statements and often moves up.
It sits comfortably alongside an advance, provided both positions are disclosed to us in writing.

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Eligibility

Whether this is worth the rest of your morning

Time in business: 6 months or moreCounted from the day the business began trading, not the day the entity was filed.
Monthly revenue: $15,000 or moreGross deposits into the business account. Consistency across four months counts for more here than one unusually strong month.
Business bank account: RequiredIt must be open, active, and held in the trading entity’s own name — a personal account will not do.
Personal credit score: 550 or aboveWe review credit and we publish the floor so nobody wastes a week finding out. Above 550 it is one input among several, and deposit consistency is what carries the decision.
Location: United StatesWe fund entities formed and operating inside the United States. We fund in all fifty states from our office on Water Street.

Clearing all five is what gets the file read properly. It is not an offer — we turn business away every week, and would rather do it in an hour than in a fortnight. We do not fund gambling, adult entertainment, firearms dealing, cannabis at any point in the supply chain, or any activity unlawful under federal or state law.

Detail

Specific questions about the advance

Does an unused limit cost me anything?

No. Interest is charged on what you have actually drawn. If the facility sits at zero for four months, those four months cost nothing.

How quickly can I draw?

Requests made before 2pm Eastern on a business day generally reach the account the same day; later requests land the next business day. Once the facility is open there is no further underwriting on an individual draw.

An advance is not a loan — so what is it?

No, and the distinction is legal rather than a matter of marketing. The transaction is a sale. A stated dollar amount of receivables you have not yet collected passes to us, we pay a discounted price for it today, and we recover the stated amount out of settlements as they land. Because nothing was lent, the agreement has no rate attached to it, no APR and no due date — those are features of debt, and this is not debt. Anyone selling an advance while calling it a loan either does not understand the product or is relying on you not to.

How does a factor rate work?

Multiply once and you are finished. An $80,000 advance at 1.28 means we buy $102,400 of your receivables, and the $22,400 sitting between those two figures is what the money costs you — all of it, with nothing else added anywhere. That gap does not respond to time. Deliver in six months or in eleven and it is still $22,400, which is precisely the opposite of how interest behaves on a balance you are carrying. You can work the total out on the back of an envelope before you sign, and the envelope will be right.

How much does my credit actually count for here?

The floor is 550, and we publish it rather than making you find out after you have sent four months of statements. Below 550 we cannot fund an advance and we will say so on the first call. Above it, credit is one factor among several and seldom the deciding one — the bank account decides it. We do pull credit during underwriting, so nobody should be surprised when it happens.

Other structures

If an advance is the wrong shape for this

A term loan, a revolving line, equipment paper, an SBA file or factoring may cost you considerably less. We fund all six, so there is nothing in it for us to push you toward the expensive one.