HELOC
Use the equity in your home as a flexible credit line for your business, often at a lower rate.
At a glance
- Secured by
- Your home equity
- Funding
- Draw as needed
- Rates
- Often lower
- Best for
- Homeowners
What businesses use it for.
Growth projects
Fund expansion at a lower cost.
Consolidate debt
Pay off higher-cost balances.
A long-term safety net
Funds ready when you need them.
A good fit if…
- You own a home with equity in it
- You want a lower rate than unsecured funding
- You want flexible draws over time
- You are comfortable using your home as collateral
All you need to apply.
$50K+monthly revenue
4recent business bank statements
IDand a voided business check
Questions, answered.
Is my home at risk?
A HELOC is secured by your home, so missed payments put it at risk. Your specialist will walk you through it before you decide.
How much can I access?
It depends on your home value, what you owe on it and your credit.
How long does it take?
Longer than unsecured funding, because the home needs to be valued.
Other ways to fund your business
Let’s get your business moving.
One short application. A Blue Ridge specialist will show you every option that fits.
Apply nowQuestions? Email info@blueridgeadvance.com