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Several factors can affect which business line of credit is best for you. Let us help.
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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
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Best Business Lines of Credit
- Default
- NerdWallet rating (high to low)
- Max loan amount (high to low)
- Min. credit score (low to high)
- Min. annual revenue (low to high)
- Min. time in business (low to high)
Default SBA CAPLines of credit
Best for large funding amounts
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 stand out if you need funding to meet specific short-term and cyclical working capital needs. These lines of credit provide a greater flexibility than you would receive with a standard term loan. CAPLines also offer competitive interest rates, long repayment terms and large funding amounts. Like other SBA loan products, CAPLines can be a good option for businesses that have good credit and finances, but may not qualify for bank financing.
- For-profit U.S. business.
- Unable to access credit on reasonable terms from nongovernment sources.
- Financial qualifications determined by individual lender.
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 stand out if you need funding to meet specific short-term and cyclical working capital needs. These lines of credit provide a greater flexibility than you would receive with a standard term loan. CAPLines also offer competitive interest rates, long repayment terms and large funding amounts. Like other SBA loan products, CAPLines can be a good option for businesses that have good credit and finances, but may not qualify for bank financing.
- For-profit U.S. business.
- Unable to access credit on reasonable terms from nongovernment sources.
- Financial qualifications determined by individual lender.
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.
Quantum Lending Solutions - Line of credit
Best for flexible repayment terms
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 Solution’s line of credit offers a flexible financing option for small-business owners by providing access to working capital to cover unexpected expenses, fuel business growth and more.
- Minimum credit score: 680.
- Minimum time in business: 12 months.
- Minimum annual revenue: $50,000.
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 Solution’s line of credit offers a flexible financing option for small-business owners by providing access to working capital to cover unexpected expenses, fuel business growth and more.
- Minimum credit score: 680.
- Minimum time in business: 12 months.
- Minimum annual revenue: $50,000.
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.
Fundbox - Line of credit
Best for business owners with bad credit
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 is one of the best online line of credit options for startups. Businesses with just three months in business may be able to qualify. Fundbox is also a good option for borrowers with bad credit and businesses with low revenue. The lender offers a flexible short-term line of credit that can fund within two business days after approval.
- Minimum credit score: 600.
- Minimum time in business: 3 months.
- Minimum annual revenue: $30,000.
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 is one of the best online line of credit options for startups. Businesses with just three months in business may be able to qualify. Fundbox is also a good option for borrowers with bad credit and businesses with low revenue. The lender offers a flexible short-term line of credit that can fund within two business days after approval.
- Minimum credit score: 600.
- Minimum time in business: 3 months.
- Minimum annual revenue: $30,000.
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.
Wells Fargo BusinessLine® Line of Credit
Best for low interest rates
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 have strong credit to qualify.
- May take longer to fund than online lenders.
- Annual fee and inactivity fees may apply.
The Wells Fargo BusinessLine line of credit allows companies with at least six months in business to access working capital. This line of credit offers competitive interest rates, revolving terms and doesn’t require collateral. Wells Fargo waives the annual fee for the first year on this product and includes a Mastercard access card for making purchases.
- Minimum credit score: 680.
- Minimum time in business: 6 months.
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 have strong credit to qualify.
- May take longer to fund than online lenders.
- Annual fee and inactivity fees may apply.
The Wells Fargo BusinessLine line of credit allows companies with at least six months in business to access working capital. This line of credit offers competitive interest rates, revolving terms and doesn’t require collateral. Wells Fargo waives the annual fee for the first year on this product and includes a Mastercard access card for making purchases.
- Minimum credit score: 680.
- Minimum time in business: 6 months.
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 have strong credit to qualify.
- May take longer to fund than online lenders.
- Annual fee and inactivity fees may apply.
OnDeck - Line of credit
Best for unsecured lines of credit
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’s fast line of credit is a standout option for small-business owners with less-than-stellar credit who need working capital. This line of credit offers flexible repayment options, allowing you to choose between three term options and a weekly or monthly frequency. It’s also a good option for borrowers who don’t want to risk their company assets; OnDeck’s line of credit does not require physical collateral and it doesn’t take a UCC lien out on your business.
- Minimum credit score: 625.
- Minimum time in business: 12 months.
- Minimum annual revenue: $100,000.
- No bankruptcies in the past two years.
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’s fast line of credit is a standout option for small-business owners with less-than-stellar credit who need working capital. This line of credit offers flexible repayment options, allowing you to choose between three term options and a weekly or monthly frequency. It’s also a good option for borrowers who don’t want to risk their company assets; OnDeck’s line of credit does not require physical collateral and it doesn’t take a UCC lien out on your business.
- Minimum credit score: 625.
- Minimum time in business: 12 months.
- Minimum annual revenue: $100,000.
- No bankruptcies in the past two years.
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.
Bluevine - Line of credit
Best for fast funding
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 stands out for its fast funding speed and flexible qualification requirements. To get a line of credit, you can apply quickly online and receive funding in as little as 24 hours. Newer businesses and borrowers with bad credit may be able to qualify. Bluevine also offers a larger credit line maximum compared to some competitors and doesn’t charge draw or account maintenance fees.
- Minimum credit score: 625.
- Minimum time in business: 12 months.
- Minimum annual revenue: $120,000.
- No bankruptcies in the past year.
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 stands out for its fast funding speed and flexible qualification requirements. To get a line of credit, you can apply quickly online and receive funding in as little as 24 hours. Newer businesses and borrowers with bad credit may be able to qualify. Bluevine also offers a larger credit line maximum compared to some competitors and doesn’t charge draw or account maintenance fees.
- Minimum credit score: 625.
- Minimum time in business: 12 months.
- Minimum annual revenue: $120,000.
- No bankruptcies in the past year.
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.
Headway Capital - Line of credit
Best for startup businesses
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 offers a fast and flexible business line of credit that’s a good option for those who can’t qualify for traditional financing. The lender can work with startups and businesses with low revenue. Headway can fund applications as fast as the next day after approval. Unlike some online lines of credit, however, you’ll likely have to pay a draw fee to access your funds from Headway.
- Minimum credit score: 625.
- Minimum time in business: Six months.
- Minimum annual revenue: $50,000.
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 offers a fast and flexible business line of credit that’s a good option for those who can’t qualify for traditional financing. The lender can work with startups and businesses with low revenue. Headway can fund applications as fast as the next day after approval. Unlike some online lines of credit, however, you’ll likely have to pay a draw fee to access your funds from Headway.
- Minimum credit score: 625.
- Minimum time in business: Six months.
- Minimum annual revenue: $50,000.
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.
Bank of America Business Advantage Cash Secured Line of Credit
Best for secured lines of credit
with Fundera by NerdWallet
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’s Cash Secured Line of Credit is designed specifically for startups. After providing an initial deposit, you can use your credit line to cover working capital needs and establish business credit. If you use your credit line responsibly and make regular payments, Bank of America may be able to transition you to an unsecured line of credit.
- Minimum time in business: Six months.
- Minimum annual revenue: $50,000 per year.
- Bank of America checking or savings account required.
- Minimum deposit of $1,000.
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.
Bank of America’s Cash Secured Line of Credit is designed specifically for startups. After providing an initial deposit, you can use your credit line to cover working capital needs and establish business credit. If you use your credit line responsibly and make regular payments, Bank of America may be able to transition you to an unsecured line of credit.
- Minimum time in business: Six months.
- Minimum annual revenue: $50,000 per year.
- Bank of America checking or savings account required.
- Minimum deposit of $1,000.
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.
Jump to
A deep dive into our top picks
SBA CAPLines of credit
- 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.
Quantum Lending Solutions
- 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.
Fundbox
- 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.
Wells Fargo
- You want a line of credit with low interest rates.
- You have strong credit.
- You have at least 6 months in business.
- You don’t have collateral to secure a loan (or don’t want to risk your assets).
- You need fast access to funding.
OnDeck
- 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.
Bluevine
- 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.
Headway Capital
- 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.
Bank of America
- 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 we chose the best business lines of credit
- Cost.
- Transparency.
- Underwriting and loan flexibility.
- Credit.
- Application experience.
- Customer service.
How to get a business line of credit
1. Evaluate your financing needs
- Short-term expenses.
- Emergency funding.
2. Determine how much debt you can afford
3. Review requirements
- Credit score: 600 or higher.
- Time in business. Six months or more.
- Annual revenue. $50,000 or more.
4. Research and compare lenders
- Consider a bank if you have strong qualifications and aren’t in a rush.
- Consider an SBA lender if you can’t qualify for a bank credit line, but still have good credentials.
- Consider an online lender if you can’t qualify with a traditional lender or need funds as soon as possible (and don’t mind paying higher rates for speed).
5. Apply through Fundera by NerdWallet
- Apply with one simple application.
- See options with no hard credit check.
- Compare multiple offers at once.
- Get advice from lending experts.
