Small Business Line of Credit
A credit line you draw from when you need it, and only pay for what you use.
At a glance
- Funding
- Draw as needed
- Cost
- Only on what you use
- Decision
- Under 24 hours
- Best for
- Uneven cash flow
What businesses use it for.
Seasonal gaps
Cover the slow months between busy ones.
Supplier orders
Take the bulk discount when it is offered.
Surprises
Handle the unexpected without stress.
A good fit if…
- Your sales go up and down by season
- You want a safety net ready before you need it
- You buy inventory in cycles
- You want to avoid borrowing more than you need
All you need to apply.
$50K+monthly revenue
4recent business bank statements
IDand a voided business check
Questions, answered.
How is a line of credit different from a loan?
With a loan you get everything at once. With a line you draw only what you need, when you need it, and pay for that amount.
Can I use it again after I repay?
Most lines are revolving: as you repay, that amount becomes available again.
Who qualifies?
Businesses with steady revenue and some time in business. Your specialist will check what fits you.
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