A revolving credit line you draw from as needed — and pay interest on only what you use. Compare business line of credit offers from multiple lenders.
Check My Eligibility →A business line of credit is a revolving credit facility: you are approved for a limit, draw funds when you need them, repay, and draw again. Unlike a term loan you only pay interest on the amount you use, which makes a line ideal for managing cash flow gaps, inventory or short-term working capital needs.
Lines come as secured, unsecured or revenue-based structures, and increasingly as same-day online products. Through BidMyCapital you compare competing line-of-credit offers from 50+ lenders with a single application.
Lenders set a credit limit based on revenue, credit and collateral.
Withdraw any amount up to your limit whenever you need it.
Repay the principal and the funds become available again — no reapplication.
Unused portions cost nothing; you only pay interest on what you draw. Rates for revenue-based and online lines typically range from roughly 10% to 30%+ APR depending on credit, revenue and whether the line is secured.
Online lenders may accept newer businesses with solid revenue.
Revenue strength determines your limit and terms.
Bad-credit-friendly revenue-based lines exist for many owners.
Used to verify cash flow and set your borrowing limit.
You are approved for a limit, draw funds as needed up to that limit, and pay interest only on the outstanding balance. As you repay, the credit becomes available again.
Yes. Revenue-based and alternative lines of credit approve primarily on monthly revenue and bank activity rather than personal credit score.
There is no cost for unused credit. Interest applies only to the drawn balance, typically 10% to 30%+ APR depending on your profile.
For ongoing, flexible needs a line usually wins because you only pay for what you use. For a one-time large purchase with predictable repayment, a term loan may be simpler and cheaper.
Several online lenders offer fast approval and funding for established businesses. Comparing offers through BidMyCapital helps you find the quickest path.