Business Line of Credit
A business line of credit works like a credit card. A lender approves an amount for the business to access, but interest is only paid on the funds that are drawn down, not the total amount available. A business line of credit can either be unsecured or secured and provides flexible, ongoing access to funds to keep your business moving.
- Borrowing capacity up to $250,000
- Stabilises Cashflow
- Flexible - funds can be accessed anytime once approved
- Interest is only applied when money is withdrawn.
Business Line of CreditEligibility Criteria
Lending criteria may vary lender to lender, so we take the time to understand what your business needs. A line of credit is similar to applying for a traditional loan, and you may be required to provide business bank statements in addition to business financial statements.
- Credit Score
- Bank Statements
- Time in Service
- Serviceability
