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Several factors can affect which business line of credit is best for you. Let us help.
1. One simple application
Complete a 3-minute questionnaire and see personalized options.
2. Your options compared
Compare terms and choose the right product for you.
3. Fast access to your funds
If approved, receive funds in as little as a day.
Small businesses have received $947M in lines of credit
with rates starting at 7.8% through Fundera by NerdWallet
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What small-business owners like you are saying
Very quick and smooth process from the start. Very fast and clear communication along the way and answered any questions promptly.
CALE STATON
Every question I had was answered quickly and thoroughly, every step of the process was handled with care, and their dedication showed in every interaction.
PREMIER RX LLC
I definitely recommend working through Fundera to help find the right financial tools for your company!
LEAH
See all reviews on
Best Business Lines of Credit
Max loan amount
$5,000,000
Min. credit score
650
Min. annual revenue
Undisclosed
Min. age of business
24 months
with Fundera by NerdWallet
Pros
- Line of credit options for seasonal, working capital, building and contracting needs.
- Large maximum borrowing amounts.
- Competitive interest rates and repayment terms.
Cons
- Typically requires good credit and multiple years in business.
- Slow to fund.
- Collateral and/or down payment may be required.
SBA CAPLines of credit
Best for large funding amounts
Best for large funding amounts
Max loan amount
$5,000,000
Min. credit score
650
Min. annual revenue
Undisclosed
Min. age of business
24 months
with Fundera by NerdWallet
Pros
- Line of credit options for seasonal, working capital, building and contracting needs.
- Large maximum borrowing amounts.
- Competitive interest rates and repayment terms.
Cons
- Typically requires good credit and multiple years in business.
- Slow to fund.
- Collateral and/or down payment may be required.
Max loan amount
$250,000
Min. credit score
625
Min. annual revenue
$120,000
Min. age of business
12 months
with Fundera by NerdWallet
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
Bluevine - Line of credit
Best for fast funding
Best for fast funding
Max loan amount
$250,000
Min. credit score
625
Min. annual revenue
$120,000
Min. age of business
12 months
with Fundera by NerdWallet
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
Max loan amount
$100,000
Min. credit score
625
Min. annual revenue
$50,000
Min. age of business
6 months
with Fundera by NerdWallet
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
Headway Capital - Line of credit
Best for startup businesses
Best for startup businesses
Max loan amount
$100,000
Min. credit score
625
Min. annual revenue
$50,000
Min. age of business
6 months
with Fundera by NerdWallet
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
Max loan amount
$100,000
Min. credit score
625
Min. annual revenue
$100,000
Min. age of business
12 months
with Fundera by NerdWallet
Pros
- Fast access to working capital.
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Not available in North Dakota.
- May require frequent weekly payments.
- Interest rates can be high compared with traditional lenders.
OnDeck - Line of credit
Best for unsecured lines of credit
Best for unsecured lines of credit
Max loan amount
$100,000
Min. credit score
625
Min. annual revenue
$100,000
Min. age of business
12 months
with Fundera by NerdWallet
Pros
- Fast access to working capital.
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Not available in North Dakota.
- May require frequent weekly payments.
- Interest rates can be high compared with traditional lenders.
Max loan amount
$250,000
Min. credit score
600
Min. annual revenue
$30,000
Min. age of business
3 months
with Fundera by NerdWallet
Pros
- Financing available within two business days after approval.
- Simple application with minimal documentation required.
- Low minimum credit score, time in business and annual revenue requirements.
- No prepayment penalties, account maintenance fees or inactivity fees.
Cons
- Weekly repayments required.
Fundbox - Line of credit
Best for business owners with bad credit
Best for business owners with bad credit
Max loan amount
$250,000
Min. credit score
600
Min. annual revenue
$30,000
Min. age of business
3 months
with Fundera by NerdWallet
Pros
- Financing available within two business days after approval.
- Simple application with minimal documentation required.
- Low minimum credit score, time in business and annual revenue requirements.
- No prepayment penalties, account maintenance fees or inactivity fees.
Cons
- Weekly repayments required.
Max loan amount
$150,000
Min. credit score
680
Min. annual revenue
Undisclosed
Min. age of business
6 months
with Fundera by NerdWallet
Pros
- Bank line of credit with competitive interest rates.
- Revolving credit line with no scheduled annual review.
- No collateral required; no prepayment penalties.
Cons
- Must be an established business with strong credit to qualify.
- May take longer to fund than online lenders.
- Annual fee and inactivity fees may apply.
Wells Fargo BusinessLine® Line of Credit
Best for low interest rates
Best for low interest rates
Max loan amount
$150,000
Min. credit score
680
Min. annual revenue
Undisclosed
Min. age of business
6 months
with Fundera by NerdWallet
Pros
- Bank line of credit with competitive interest rates.
- Revolving credit line with no scheduled annual review.
- No collateral required; no prepayment penalties.
Cons
- Must be an established business with strong credit to qualify.
- May take longer to fund than online lenders.
- Annual fee and inactivity fees may apply.
Max loan amount
$150,000
Min. credit score
680
Min. annual revenue
$50,000
Min. age of business
12 months
with Fundera by NerdWallet
Pros
- Monthly payments (as opposed to daily or weekly required by some online lenders).
- No prepayment penalties.
- Can be used to build business credit.
Cons
- Relatively high minimum credit score requirement compared to other online lenders.
- Charges an origination fee and an inactivity fee.
- Not available in Hawaii, Massachusetts, Michigan, North Dakota, New Jersey, Nevada, New York, Ohio, Pennsylvania or Tennessee.
Fundation - Line of credit
Best for flexible repayment terms
Best for flexible repayment terms
Max loan amount
$150,000
Min. credit score
680
Min. annual revenue
$50,000
Min. age of business
12 months
with Fundera by NerdWallet
Pros
- Monthly payments (as opposed to daily or weekly required by some online lenders).
- No prepayment penalties.
- Can be used to build business credit.
Cons
- Relatively high minimum credit score requirement compared to other online lenders.
- Charges an origination fee and an inactivity fee.
- Not available in Hawaii, Massachusetts, Michigan, North Dakota, New Jersey, Nevada, New York, Ohio, Pennsylvania or Tennessee.
Max loan amount
Undisclosed
Min. credit score
700
Min. annual revenue
$50,000
Min. age of business
6 months
Pros
- Available to borrowers with at least six months in business.
- No origination fee.
- Responsible spending can help you graduate to an unsecured credit line.
Cons
- Credit limit is based on the security deposit you provide.
- Must have a Bank of America checking or savings account to apply.
Bank of America Business Advantage Cash Secured Line of Credit
Best for secured lines of credit
Best for secured lines of credit
Max loan amount
Undisclosed
Min. credit score
700
Min. annual revenue
$50,000
Min. age of business
6 months
Pros
- Available to borrowers with at least six months in business.
- No origination fee.
- Responsible spending can help you graduate to an unsecured credit line.
Cons
- Credit limit is based on the security deposit you provide.
- Must have a Bank of America checking or savings account to apply.
Jump to
Table of contents
A deep dive into our top picks
SBA CAPLines of credit
Best for large funding amounts
Overview: Part of the SBA 7(a) loan program
Can be a good option if
May not be a fit if
Bluevine
Best for fast funding
Overview: You can apply for a Bluevine line of credit in just minutes and receive a decision as fast as the same day. After you make an initial draw, you’ll receive your funds in as little as 24 hours — or even quicker if you opt for a wire transfer ($15 fee) or have a Bluevine business checking account.
Can be a good option if
May not be a fit if
Backd
Best for bad credit
Overview: Backd’s business line of credit is available in amounts up to $750,000 — a higher maximum than other online competitors. You’ll need a minimum credit score of 600 and at least 12 months in business to qualify.
Can be a good option if
May not be a fit if
Headway Capital
Best for startups
Overview: Headway Capital offers a business line of credit in amounts up to $100,000. You can repay your line of credit on a weekly or monthly basis, with repayment terms of 12-, 18- or 24 months. To qualify, you’ll need at least 6 months in business.
Can be a good option if
May not be a fit if
OnDeck
Best for unsecured lines of credit
Overview: OnDeck’s line of credit is a good option for those who don’t want to risk their company assets — as OnDeck doesn’t require physical collateral nor does it take out a UCC lien on your business.
Can be a good option if
May not be a fit if
Fundbox
Best for low-revenue businesses
Overview: Fundbox offers a fast and flexible line of credit up to $150,000. With a minimum annual requirement of just $30,000 (lower than many competitors), this product can be a good option for businesses who are still building their revenue.
Can be a good option if
May not be a fit if
Wells Fargo
Best for low interest rates
Overview: This Wells Fargo credit line is a good option for established businesses that want low interest rates on their financing. Wells Fargo waives its annual fee for the first year and automatically enrolls you in a rewards program that allows you to earn points for your spending.
Can be a good option if
May not be a fit if
Fundation
Best for flexible repayment terms
Overview: Fundation’s interest rates start at 20.21% — on the low end for an online lender — but unlike some competitors, Fundation charges an origination fee and an inactivity fee. Still, it can be a worthwhile option for newer businesses with strong credit.
Can be a good option if
May not be a fit if
Bank of America
Best for secured lines of credit
Overview: Bank of America’s Business Advantage Cash Secured Line of Credit is designed specifically for startups that are looking to establish business credit. You fund your credit line with a minimum deposit of at least $1,000 and use it to pay for day-to-day business expenses. Responsible spending and on-time payments can help you build your business credit — and eventually, graduate to an unsecured credit line.
Can be a good option if
May not be a fit if
How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
What is a business line of credit?
A business line of credit is a type of small-business loan
As you repay what you’ve borrowed, you can continue to draw on the line — provided your payments are on time and you don’t exceed your credit limit.
Types of business lines of credit
There are two types of business lines of credit: secured and unsecured.
Secured business line of credit
A secured business line of credit
Because secured lines of credit help mitigate risk for the lender, these products often have more competitive rates and terms than unsecured options.
Unsecured business line of credit
An unsecured business line of credit
A personal guarantee UCC lien
Pros and cons of business lines of credit
Pros
- Good option for working capital, short-term expenses and emergency funding needs.
- Only pay interest on funds you draw, not the total credit limit.
- May be easier to qualify for than traditional term loans.
- Can be used to build business credit.
Cons
- Not suitable for large purchases or investments.
- May include a variety of fees that can add to overall cost.
- Often have shorter repayment terms and lower funding amounts than traditional term loans.
How to qualify for a business line of credit
Where to get a business line of credit
Banks and credit unions
Banks and credit unions typically offer the most competitive rates and terms on a business line of credit. To qualify, however, you’ll usually need to meet strict eligibility requirements
Compared to online lenders, banks and credit unions can also be more likely to require physical collateral
Online lenders
Online lenders are a good option for startup business lines of credit
Online lenders typically have streamlined application processes and fewer fees, and may be able to issue small-business lines of credit in a matter of days. However, these lenders are also likely to charge higher interest rates than banks and may have lower credit limits.
SBA lenders
Some banks and credit unions also offer SBA CAPLines of credit. These SBA lines of credit
Although you’ll still need to meet strong qualifications to get an SBA line of credit, these products may be slightly easier to access than traditional bank credit lines. Like business bank loans
Alternatives to business lines of credit
If you’re not sure that a business line of credit is right for your needs, you might consider these alternatives.
Business term loans
Business credit cards
Invoice factoring
Merchant cash advances
Last updated on August 27, 2025
Methodology
NerdWallet’s review process evaluates and rates small-business loan products from traditional banks and online lenders. We collect over 30 data points on each lender using company websites and public documents. We may also go through a lender’s initial application flow and reach out to company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer small-business friendly features, including:
- Transparency of rates and terms.
- Flexible payment options.
- Fast funding times.
- Accessible customer service.
- Reporting of payments to business credit bureaus.
- Responsible lending practices.
We weigh these factors based on our assessment of which are the most important to small-business owners and how meaningfully they impact borrowers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodology for small-business loans editorial guidelines
