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.
Here are 9 business lines of credit
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
Wells Fargo BusinessLine® Line of Credit | 5.0/5 Best for Bank business lines of credit | $150,000 | 680 | Read Review |
SBA CAPLines of credit with Fundera by NerdWallet | Best for SBA lines of credit | $5,000,000 | 650 | with Fundera by NerdWallet |
Bank of America Cash Secured Line of credit | 5.0/5 Best for Secured business lines of credit | Undisclosed | 670 | Read Review |
OnDeck - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Unsecured business lines of credit | $100,000 | 625 | with Fundera by NerdWallet |
Fundbox - Line of credit | 5.0/5 Best for Business lines of credit for bad credit | $150,000 | 600 | Read Review |
Headway Capital - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Startup business lines of credit | $100,000 | 625 | with Fundera by NerdWallet |
Bluevine - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Fast business lines of credit | $250,000 | 625 | with Fundera by NerdWallet |
Wells Fargo Small Business Advantage® Line of Credit | 5.0/5 Best for SBA lines of credit for startups | $50,000 | 680 | Read Review |
American Express® Business Line of Credit | 5.0/5 Best for American Express customers | $250,000 | 660 | Read Review |
Here are 9 business lines of credit
Best for Bank business lines of credit
Best for SBA lines of credit
Best for Secured business lines of credit
Best for Unsecured business lines of credit
Best for Business lines of credit for bad credit
Best for Startup business lines of credit
Best for Fast business lines of credit
Best for SBA lines of credit for startups
Best for American Express customers
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Our pick for
Bank business lines of credit
Wells Fargo offers business lines of credit of up to $150,000 that are well-suited for borrowers with strong credit.
Wells Fargo BusinessLine® Line of Credit
Max loan
$150,000
Min. Credit score
680
Apr range
10.25-18.25%
Our pick for
SBA lines of credit
The SBA CAPLines program offers four credit line options that can be used for a variety of business purposes.
SBA CAPLines of credit
Max loan
$5,000,000
Min. Credit score
650
Apr range
11.50-15.00%
Our pick for
Secured business lines of credit
Companies with at least six months in operation can use Bank of America’s cash secured line of credit to build business credit.
Bank of America Cash Secured Line of credit
Max loan
Undisclosed
Min. Credit score
670
Our pick for
Unsecured business lines of credit
OnDeck offers business lines of credit of up to $100,000 and doesn’t require physical collateral. Borrowers will be required to sign a personal guarantee, however.
OnDeck - Line of credit
Max loan
$100,000
Min. Credit score
625
Apr range
39.90-77.90%
Our pick for
Business lines of credit for bad credit
Fundbox offers quick funding of up to $150,000 for borrowers with a credit score of 600 or higher.
Fundbox - Line of credit
Max loan
$150,000
Min. Credit score
600
Apr range
36.00-99.00%
Our pick for
Startup business lines of credit
Headway Capital offers fast funding up to $100,000 for borrowers with at least six months in business.
Headway Capital - Line of credit
with Fundera by NerdWallet
Max loan
$100,000
Min. Credit score
625
Apr range
35.00-80.00%
with Fundera by NerdWallet
Our pick for
Fast business lines of credit
Bluevine offers a business line of credit of up to $250,000 and can fund applications in as little as 24 hours.
Bluevine - Line of credit
Max loan
$250,000
Min. Credit score
625
Apr range
20.00-50.00%
Our pick for
SBA lines of credit for startups
This SBA-backed line of credit offers up to $50,000 for startups with less than two years in business.
Wells Fargo Small Business Advantage® Line of Credit
Max loan
$50,000
Min. Credit score
680
Apr range
13.00-15.00%
Our pick for
American Express customers
Existing American Express customers can use their accounts to find out if they prequalify for this business line of credit.
American Express® Business Line of Credit
Max loan
$250,000
Min. Credit score
660
What is a business line of credit?
How does a business line of credit work?
Business line of credit rates and fees
- Origination fee: Fee charged to process your application.
- Account maintenance fee: Monthly or annual fee associated with managing your account and keeping your business line of credit active.
- Draw fee: Fee charged each time you draw on your credit line.
- Inactivity fee: A lender may charge this fee if you don’t draw from your line of credit within a specified period of time.
Secured vs. unsecured business lines of credit
Business line of credit vs. credit card
Business line of credit | Business credit card |
Higher credit limit. | Lower credit limit. |
Provides actual cash in your bank account when you make a draw. | Cards are used for purchases; you can get cash, but you’ll be charged a cash advance fee to do so. |
May be secured by collateral. | Can be secured by collateral, but not as common. |
Doesn’t typically include rewards. | Often have rewards or cash back for spending; rewards are typically related to business expenses. |
No interest-free period. | May include 0% interest promotion, which allows you to pay no interest on your balance for a specific time period after signing up for the card. |
Lower interest rates than credit cards. | Higher interest rates than lines of credit. |
Business line of credit calculator
Business line of credit calculator
When you draw from a business line of credit, you only pay interest on the funds that you borrow. You then repay the funds over time, based on a schedule set by your lender.
Enter a withdrawal amount, repayment term and annual interest rate to estimate your monthly payment, total interest costs and the total amount repaid.
Where to get a business line of credit
Banks and credit unions
Online lenders
How to get a business line of credit
1. Evaluate your financing needs
2. Review business line of credit requirements
- Credit score: 600 or higher.
- Time in business. Six months or more.
- Annual revenue. $50,000 or more.
3. Research and compare lenders
4. Gather required documents and apply
- Personal and business tax returns.
- Personal and business bank statements.
- Business financial statements (e.g., profit and loss statement or a balance sheet).
Find the right business loan
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.