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If approved, receive funds in as little as a day.
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with rates starting at 7.8% through Fundera by NerdWallet
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Very quick and smooth process from the start. Very fast and clear communication along the way and answered any questions promptly.
CALE STATON
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I definitely recommend working through Fundera to help find the right financial tools for your company!
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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
$200,000
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
$200,000
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
$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
$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
$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
$200,000
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
$200,000
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
$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.
- Not available in all 50 U.S. states.
- Not available in Hawaii, Massachusetts, Michigan, North Dakota, New Jersey, Nevada, New York, Ohio, Pennsylvania or Tennessee.
Quantum Lending Solutions - 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.
- Not available in all 50 U.S. states.
- 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, the SBA CAPLines program offers four lines of credit options: working capital, seasonal, builders and contract. These credit lines are designed to meet specific short-term and cyclical working capital needs. You’ll likely need good credit and multiple years in business to qualify.
- You want funds for seasonal, working capital, building or contracting needs.
- You need access to a large amount of funding.
- You want low interest rates and long repayment terms on your business line of credit.
- You have less than two years in business.
- You have bad or fair credit.
- You need funding quickly.
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 sooner if you opt for a wire transfer ($15 fee) or have a Bluevine business checking account.
- You need fast access to working capital.
- You have a credit score of 625 or higher and 12 months or more in business.
- You don’t want to pay a draw or account maintenance fee.
- You want monthly repayments.
- You want to repay over a long period of time (more than 6 months).
- You’re located in North Dakota, South Dakota or Nevada.
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.
- You want a line of credit with low interest rates.
- You have strong credit.
- You don’t have collateral to secure a loan (or don’t want to risk your assets).
- You have less than two years in business.
- You don’t want to pay an annual fee after the first year.
- You need fast access to funding.
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.
- You need fast access to working capital.
- You have less than one year in business.
- You don’t have collateral to secure a loan (or don’t want to risk your assets).
- You need more than $100,000 in financing.
- You don’t want to pay a draw fee.
- You’re located in Arkansas, Connecticut, Montana, Michigan, North Dakota, Nevada, Rhode Island, South Dakota or Vermont.
Fundbox
Best for business owners with bad credit
Overview: Fundbox offers a fast and flexible line of credit up to $250,000. With a minimum credit score requirement of 600 — lower than many competitors — Fundbox can be a good option for borrowers with less-than-perfect credit.
- You’re still growing your revenue.
- You have at least 3 months in business.
- You have a credit score of 600 or higher.
- You want to build business credit.
- You want monthly repayments.
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.
- You need fast access to working capital.
- You have a credit score of 625 or higher.
- You don’t have collateral to secure a loan (or don’t want to risk your assets).
- You want to build business credit.
- You have less than 12 months in business.
- You’re located in North Dakota.
Quantum Lending Solutions
Best for flexible repayment terms
Overview: Quantum’s interest rates start at 20.21% — on the low end for an online lender — but unlike some competitors, Quantum charges an origination fee and an inactivity fee. Still, it can be a worthwhile option for newer businesses with strong credit.
- You have at least 12 months in business.
- You want to build business credit.
- You want to choose between three repayment terms with monthly payments.
- You have bad or fair credit.
- You don’t want to pay an inactivity fee.
- You’re located in Hawaii, Massachusetts, Michigan, North Dakota, New Jersey, Nevada, New York, Ohio, Pennsylvania or Tennessee.
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.
- You have strong credit and at least 6 months in business.
- You’re willing to put down a deposit of at least $1,000.
- You want to build business credit and possibly graduate to an unsecured line of credit.
- You need a large amount of funding.
- You can qualify for a competitive unsecured line of credit.
- You need fast access to working capital.
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 that allows you to borrow up to a certain limit and only pay interest on the money you borrow — similar to the way a credit card works. You then repay the funds over time, typically on a weekly or monthly schedule.
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 lines of credit
A secured business line of credit requires you to put up assets such as inventory or property as collateral. If you fail to pay back the credit line, your lender could seize your assets.
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 lines of credit
An unsecured business line of credit doesn’t require physical collateral, but some lenders may still require a personal guarantee or a lien on your business’s assets.
A personal guarantee gives a lender the right to go after your personal assets, like your house, if you default on a loan. A UCC lien is similar; a lender can seize your business assets if you haven’t repaid a loan.
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, such as strong revenue, good credit and several years in business.
Compared with online lenders, banks and credit unions can be more likely to require physical collateral to secure your credit line, especially for larger limits. They’re also more likely to charge additional fees, such as annual or inactivity fees.
Online lenders
Online lenders are often a good option for startups or borrowers with bad credit, since they usually have more flexible business line of credit requirements than banks and credit unions.
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 are part of the 7(a) program, offering funding up to $5 million. There are four different credit line options based on your industry and financing needs.
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, however, these SBA lines of credit require a detailed application process and will likely be slow to fund.
Alternatives to business lines of credit
Not sure a business line of credit is right for your needs? Consider these alternatives.
- Business term loans. A business term loan is a lump sum of capital that’s repaid over a set period of time, with interest. Compared to lines of credit, term loans are better suited for making specific purchases or investments in your business.
- Business credit cards. Business credit cards are similar to lines of credit; they’re revolving credit lines that let you make purchases (up to a specific limit), repay the full amount or a portion of the balance and repeat the cycle. Business credit cards tend to have higher interest rates than lines of credit, but they also allow you to earn rewards for your spending. Business credit cards tend to work best for smaller ongoing expenses and for newer businesses without established finances.
- Invoice factoring. Invoice factoring is a type of business financing in which you sell your unpaid invoices to a third party at a discount in exchange for cash upfront. Invoice factoring is a good option for business-to-business companies that need fast access to working capital.
- Merchant cash advances. With a merchant cash advance, or MCA, a company gives you an upfront sum of capital that you repay using a percentage of your debt and credit card sales, plus a fee. MCAs are fast to fund and typically have flexible qualification requirements — but they can be expensive. It’s best to consider other types of business loans before turning to an MCA.
Frequently asked questions
Business lines of credit may be available up to $500,000, but the amount that you can borrow ultimately varies based on your lender and qualifications. Online lenders typically have lower maximum funding amounts, while banks may offer higher limits or evaluate credit lines on a case-by-case basis. SBA lines of credit are available up to $5 million.
You may be able to qualify for a business line of credit from some online lenders with a minimum credit score of 600. You’ll typically need a strong credit score — close to 700 or higher — to qualify for a credit line from a bank or credit union.
In general, the better your credit, the more options you’ll have — and the lower the interest rates you may receive.
For newer businesses, it can be more difficult to get a small-business line of credit. Traditional lenders, such as banks, typically require you to have several years in operation, good credit and strong finances to secure any type of financing. Some online lenders, however, may be willing to work with startups or businesses with bad credit.
Funding timelines for business lines of credit vary from lender to lender. Some online lenders can approve and fund applications as quickly as the same day — and in general, most of these companies can provide capital within a few business days.
With more traditional lenders, on the other hand, it may take anywhere from several days to several weeks for you to get a line of credit.
Last updated on January 5, 2026
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 and our editorial guidelines.
