Line of credit

A business line of credit provides flexible access to business funding, allowing you to draw as needed from your credit line up to your available line amount. You draw funds from the line in the form of individual loans. With some lines of credit, like Business Line of Credit, you can have more than one outstanding loan at one time, up to your approved line size.

As repayments are made, the amount of funds available replenish, allowing you to make additional draws. Note that your line could be adjusted by a lender at any time based on many factors, like your business' health.

A business line of credit can open up possibilities and adapt to your unique business demands. You can hire seasonal help or offer signing bonuses to attract top talent, update equipment or order supplies, or stock up on additional inventory when prices are low. You could also consider using it to smooth out gaps in your cash flow.