What is business line of credit?
A business line of credit works like a credit card for your company, but with far higher limits and lower rates. You are approved for a maximum amount, draw funds whenever you need them, and pay interest only on the outstanding balance. As you repay, your available credit replenishes.
Lines of credit are the preferred tool for managing the timing mismatches every business faces — paying suppliers before customers pay you, covering payroll during a slow month, or jumping on a bulk-purchase discount.
HL Hunt Funding arranges unsecured and secured lines of credit from $10,000 to $250,000. Unsecured lines require no collateral; secured lines use receivables, inventory, or equipment to unlock larger limits and lower rates.
How business line of credit works
- 1Pre-qualify online
Two minutes, six questions, no credit inquiry.
- 2Verify revenue
Share 3–6 months of bank statements. For limits over $100K, we may request a recent P&L.
- 3Accept your limit
Review your credit limit, draw fee, and rate. Sign electronically.
- 4Draw when needed
Transfer funds to your bank account in as little as one business day, as often as you like.
Best for
- Recurring cash-flow gaps
- Payroll and inventory timing
- Emergency reserves
- Businesses that want flexibility over a lump sum
Pros and cons
Advantages
- Pay interest only on what you draw
- Reusable as you repay
- Lower cost than short-term advances
- Builds business credit history
Considerations
- Higher credit requirements than revenue-based financing
- Some lines have draw or maintenance fees
- Limits may be reviewed annually
Requirements to qualify
- 6+ months in business (3 months for some programs)
- $10,000+ monthly revenue
- 600+ FICO preferred
- Business bank account
Requirements vary by funder. The fastest way to know exactly where you stand is to pre-qualify in two minutes — it is free and there is no credit inquiry.