Best Business Lines of Credit of June 2025
A business line of credit gives you access to a set amount of capital that you can draw from as needed. You only pay interest on the funds you draw.
A business line of credit is a type of small-business loan
Compare our picks for the best business lines of credit and learn how to choose the right option for your needs.
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Best Business Lines of Credit
| Loan | NerdWallet rating | Best For | Max loan amount | Min. credit score | Next steps |
|---|---|---|---|---|---|
 Wells Fargo BusinessLine® Line of Credit with Fundera by NerdWallet | Best for Bank lines of credit | $150,000 | 680 | with Fundera by NerdWallet | |
| Pros
Cons
| |||||
 SBA CAPLines of credit with Fundera by NerdWallet | Best for SBA lines of credit | $5,000,000 | 650 | with Fundera by NerdWallet | |
| Pros
Cons
| |||||
 Bluevine - Line of credit with Fundera by NerdWallet | Best for Fast funding | $250,000 | 625 | with Fundera by NerdWallet | |
| Pros
Cons
| |||||
 Headway Capital - Line of credit with Fundera by NerdWallet | Best for Startups | $100,000 | 625 | with Fundera by NerdWallet | |
| Pros
Cons
| |||||
 Fundbox - Line of credit with Fundera by NerdWallet | Best for Bad credit | $250,000 | 600 | with Fundera by NerdWallet | |
| Pros
Cons
| |||||
 OnDeck - Line of credit with Fundera by NerdWallet | Best for Unsecured lines of credit | $100,000 | 625 | with Fundera by NerdWallet | |
| Pros
Cons
| |||||
 Bank of America Business Advantage Cash Secured Line of Credit | Best for Secured lines of credit | Undisclosed | 670 | ||
| Pros
Cons
| |||||
 American Express® Business Line of Credit* with Fundera by NerdWallet | Best for Flexible repayment terms | $250,000 | 660 | with Fundera by NerdWallet | |
| Pros
Cons
| |||||
Best Business Lines of Credit
Max loan amount
$150,000
Min. credit score
680
Min. annual revenue
Undisclosed
See Your Loan Optionswith 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 Bank lines of credit
Max loan amount
$150,000
Min. credit score
680
Min. annual revenue
Undisclosed
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
$5,000,000
Min. credit score
650
Min. annual revenue
Undisclosed
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 SBA lines of credit
Max loan amount
$5,000,000
Min. credit score
650
Min. annual revenue
Undisclosed
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
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
Max loan amount
$250,000
Min. credit score
625
Min. annual revenue
$120,000
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
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 Startups
Max loan amount
$100,000
Min. credit score
625
Min. annual revenue
$50,000
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
with Fundera by NerdWallet
Pros
- Financing available within one business day 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
- Rates are high compared with traditional banks.
- Weekly repayments required over a short term (maximum of 24 weeks).
Fundbox - Line of credit
Best for Bad credit
Max loan amount
$250,000
Min. credit score
600
Min. annual revenue
$30,000
with Fundera by NerdWallet
Pros
- Financing available within one business day 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
- Rates are high compared with traditional banks.
- Weekly repayments required over a short term (maximum of 24 weeks).
Max loan amount
$100,000
Min. credit score
625
Min. annual revenue
$100,000
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
Max loan amount
$100,000
Min. credit score
625
Min. annual revenue
$100,000
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.
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
Max loan amount
Undisclosed
Min. credit score
670
Min. annual revenue
$50,000
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.
Max loan amount
$250,000
Min. credit score
660
Min. annual revenue
$36,000
with Fundera by NerdWallet
Pros
- Streamlined application process with minimal paperwork.
- Financing from $2,000 to $250,000 available.
- Accepts borrowers with a minimum FICO score of at least 660 at the time of application.
- Monthly repayment schedule (as opposed to daily or weekly).
- No prepayment penalties, account maintenance fees or draw fees.
Cons
- Must have online checking or PayPal account to verify cash flow.
- Complex monthly fee structure makes it difficult to compare costs to other lenders.
American Express® Business Line of Credit*
Best for Flexible repayment terms
Max loan amount
$250,000
Min. credit score
660
Min. annual revenue
$36,000
with Fundera by NerdWallet
Pros
- Streamlined application process with minimal paperwork.
- Financing from $2,000 to $250,000 available.
- Accepts borrowers with a minimum FICO score of at least 660 at the time of application.
- Monthly repayment schedule (as opposed to daily or weekly).
- No prepayment penalties, account maintenance fees or draw fees.
Cons
- Must have online checking or PayPal account to verify cash flow.
- Complex monthly fee structure makes it difficult to compare costs to other lenders.
What is a business line of credit?
A business line of credit 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 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
Minimum requirements 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
SBA lenders
Some banks and credit unions also offer SBA CAPLines of credit. These SBA lines of credit
The SBA Working Capital Pilot program
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
Online lenders
Online lenders are a good option for startup business lines of credit
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 compare business lines of credit
When trying to choose the best business line of credit for your needs, you’ll want to compare factors such as:
- Maximum funding amount. If you think you need a
large credit limit - Repayment schedule. Business lines of credit may require daily, weekly or monthly repayment. Consider your budget and cash flow to determine the type of repayment you can afford.
- Interest rates. Current business line of credit rates can range from 10% to 99% APR. In general, the stronger your credentials, the lower
interest rates business line of credit calculator - Additional fees. Origination, draw and account maintenance fees can increase the overall cost of your business line of credit. You should make sure you understand any additional fees a lender charges and ask questions if the fees are unclear. You’ll also want to determine if the lender charges prepayment penalties for repaying early.
- Funding speed. If you need
business capital - Lender reputation. Reading online reviews or talking to other business owners can help you get a sense of what it may be like to work with a particular lender. Although there are many reputable online lenders, be wary of any company that offers “guaranteed approval” or makes similar promises that seem too good to be true.
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