Business line of credit* for flexible working capital

Business lines of credit available through the Credibly partner network generally require:

• 700+ personal FICO score
• At least 6 months in business
• $20,000+ in average monthly deposits for the past three months.

If you don't meet these minimums, a Credibly financing expert can help you understand whether another available financing option may fit your business.

Our funding partners accept applications with a personal FICO score starting at 700. If you’re close to the threshold or unsure where you stand, we can help assess your eligibility or help you find other available small business financing options.

Credibly can help you access credit lines up to $300,000. Our funding partners will assess factors like your financial history, cash flow, and how long you’ve been in business to determine eligibility and your available credit limit. 

Don’t know where you stand? We’ll help you evaluate your business finance eligibility.

It can depend on the terms of your line of credit. Some lines of credit include additional fees, such as a draw fee. Ask your financing provider about any draw fees or other charges before accepting an offer.

Some business lines of credit have variable rates, so your interest costs and payment amount can change over time. That means less predictability in your monthly expenses. Frequent or unnecessary draws can also add to your total interest.

You pay interest only on the amount you draw, not your full credit limit. If you're approved for $100,000 but only draw $10,000, you’ll only accrue interest on the $10,000.

Other fees may apply, so review the terms for draw fees or other charges before accepting the offer.

A business line of credit is designed for short-term needs and everyday expenses. You can use as much or as little of your credit line as you need — that’s what makes it flexible. Use it for payroll, inventory, marketing, vendor payments, or even to handle seasonal slowdowns. It’s flexible, revolving financing you can draw from again as you repay your balance.

You’ll need a personal FICO score of 700 or higher, but meeting the minimum does not guarantee approval. To boost your approval odds, focus on three key areas: consistent revenue, solid credit, and organized documentation.

Funding providers want to see reliable cash flow, a good credit score, and clear plans for how you’ll use the funds. Make sure your business’s financial records and bank statements are up to date.

Credibly uses a soft credit inquiry when reviewing financing options, which generally does not affect your credit score. Because business lines of credit are provided through external partners, a funding partner may conduct an additional credit inquiry during its approval process.

If approved, funds may be available in as little as 24 hours. Actual timing can depend on the funding partner and bank processing times.

If your business has recurring or unpredictable expenses, a business credit line may fit your needs. Since you can draw funds as needed, reuse credit as you repay it, and only pay interest on what you draw, a line of credit can offer more flexibility than a traditional loan.

A business loan* provides a lump sum with set repayment terms, so it’s typically a better option for defined, one-time expenses.

Credibly offers a variety of direct business financing options for small and medium businesses, including working capital loans and merchant cash advances.