Business Line of Credit

What is a Line of Credit?

Businesses can access a fixed amount of money through a Business Line of Credit, which is a flexible financing solution that can be used as needed. Interest is only paid on the money that is really spent, unlike with a traditional loan, which makes it an affordable option for handling unforeseen costs, managing cash flow, and financing short-term needs.

As the borrowed amount is returned, the credit line is replenished, giving you ongoing access to money up to your credit limit.

Minumum Requirements for a business line of credit

A strong credit history, a track record of operational success, and, in certain situations, collateral to secure the credit line are usually prerequisites for obtaining a business line of credit.

Annual Revenue


Credit Score


Time in Business

6 month minimum

What Documents Are Needed To Apply?

  • Drivers License

  • Voided Business Check

  • Bank Statements 

  • Balance Sheet

  • Profit and Loss Statements

  • Business Tax Return

  • Personal Tax Return

  • Business Plan

  • Business Debt Schedule

Get loan options from multiple lenders

Talk to a business loans specialist at:  (916) 719-8433

Apply for a line of credit in as little as 10 minutes.

1. Complete your application

In order to match you with the lender that offers the best rates and conditions for your needs, provide a few details about your business and personal loan preferences.

2. Speak to our underwriter

Meet your personal underwriter here to make sure we have all the paperwork and data required to provide you with the best alternatives for your company as quickly as possible.

3. Review your loan options

Examine the various loan alternatives accessible to your company and select the one that best suits your needs right now.

4. Receive funds

In less than 24hrs, when you determine what works best, we’ll deposit the funds into your account.

Benefits of a business line of credit

  • Flexibility: Take out loans as quickly as you need them, up to the credit limit, as opposed to getting paid in full at once.
  • Cost-effective: Pay interest only on the portion of the credit line that you have really borrowed.
  • Revolving Access: Your available credit reloads when you return borrowed money, giving you ongoing access to capital.
  • Cash Flow Management: It’s the perfect instrument for tackling unforeseen costs, handling cash flow management, and meeting short-term finance demands.

Why Use Assetcc for your SBA Loan?

$100M Funded to Small Businesses Throughout the US​

70+ Lenders in our marketplace

5000+ Loans Funded over 9 years