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 5 unsecured business lines of credit
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
Fundbox - Line of credit | 5.0/5 Best for Unsecured business lines of credit for new businesses | $150,000 | 600 | Read Review |
Bluevine - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Fast unsecured business lines of credit | $250,000 | 625 | with Fundera by NerdWallet |
OnDeck - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Unsecured business lines of credit for bad credit | $100,000 | 625 | with Fundera by NerdWallet |
Headway Capital - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Small unsecured business lines of credit | $100,000 | 600 | with Fundera by NerdWallet |
Wells Fargo - Line of credit | 5.0/5 Best for Unsecured bank business lines of credit | $50,000 | 680 | Read Review |
Here are 5 unsecured business lines of credit
Best for Unsecured business lines of credit for new businesses
Best for Fast unsecured business lines of credit
Best for Unsecured business lines of credit for bad credit
Best for Small unsecured business lines of credit
Best for Unsecured bank business lines of credit
Our pick for
Unsecured business lines of credit for new businesses
Fundbox offers lines of credit of up to $150,000. You may be able to qualify with a minimum of six months in business.
Fundbox - Line of credit
Max loan
$150,000
Min. Credit score
600
Apr range
10.10-79.80%
Our pick for
Fast unsecured business lines of credit
Bluevine provides credit lines up to $250,000. The lender can approve and 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
Unsecured business lines of credit for bad credit
You may be able to qualify for an OnDeck line of credit with a minimum credit score of 625. Credit lines are available in amounts up to $100,000.
OnDeck - Line of credit
Max loan
$100,000
Min. Credit score
625
Apr range
39.90-77.90%
Our pick for
Small unsecured business lines of credit
Headway Capital offers a flexible unsecured line of credit in amounts up to $100,000. And for smaller credit lines — up to $50,000 — the lender does not file a UCC lien.
Headway Capital - Line of credit
with Fundera by NerdWallet
Max loan
$100,000
Min. Credit score
600
Apr range
40.00-80.00%
with Fundera by NerdWallet
Our pick for
Unsecured bank business lines of credit
Wells Fargo’s unsecured business line of credit offers competitive interest rates and funding amounts up to $50,000. Borrowers with less than two years in business may be able to qualify.
Wells Fargo - Line of credit
Max loan
$50,000
Min. Credit score
680
Apr range
13.00-15.00%
What is an unsecured business line of credit?
How does an unsecured business line of credit work?
Secured vs. unsecured business line of credit
How to qualify for an unsecured business line of credit
- Personal credit score. You’ll typically need to have a minimum credit score of 600 or higher to qualify for an unsecured business line of credit. Although online lenders may accept bad or fair credit scores, banks will likely require good credit.
- Annual revenue. Most lenders have a minimum monthly or annual revenue requirement. This requirement can range anywhere from $50,000 to $250,000 per year, or more.
- Time in business. Lenders want to be able to see that you can successfully manage and sustain your company. You’ll usually need at least six months in business to qualify.
- Financial history. Unsecured business line of credit lenders will use your bank statements, other financial accounts and financial statements (e.g., balance sheets, cash flow statements) to evaluate your ability to repay potential debt.
Where to get an unsecured business line of credit
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.
Frequently Asked Questions
- Decide how much funding you need.
- Evaluate your business’s credentials and make sure you can qualify.
- Research and compare line of credit lenders.
- Gather your documentation and submit an application.
- Review and sign your loan agreement.