Business Line of Credit
- Get recurring access to cash flow with a line of credit.
- You'll only pay fees on what you borrow.
- Have instant access to your funds.
What is a Business Line of Credit
Being a small business owner means being able to adapt to change at the drop of a hat. Business Lines of Credit are the most flexible financing options for businesses today. They allow business owners to stay in front of the competition by always having cash at their disposal.
It can draw down any amount at any time, as long as it does not surpass the maximum approved amount. Shore Funding Solutions has no restrictions on when and how you use your money.
Funding that you can instantly draw from 24/7.
True lines of credit up to $750,000
Flexible 1 to 3 year terms
Rates as low as 5.99%
Customizable payment options
What Do I Need To Qualify
6+ Months
600+
$150K
Get Started With Ease
Step 1. Apply in minutes
Minimum documentation is required and applying won’t affect your credit score.
Step 2. Review offers
A dedicated representative will help you select the best offer for you.
Step 3. Get funds
Once approved, lines of credit can be funded instantly. Term loans funds in as little as 24 hours.
Business Line of Credit FAQ
How does a business line of credit differ from a business loan?
A business line of credit is more flexible. With a business loan, you receive a lump sum amount and repay it with fixed payments over time. A business line of credit allows you to draw and repay funds repeatedly up to your credit limit, making it more flexible for managing cash flow and unexpected expenses.
What happens if I don't use the entire credit limit?
You only pay interest on the amount you’ve borrowed, not the total credit limit. If you don’t use the full limit, there’s no cost associated with the unused portion.
Can a business line of credit be used to refinance other debts?
Yes, you can use a business line of credit to refinance other debts. However, be mindful of the interest rates and terms of the new credit line compared to the existing debts.
Can business line of credit be used for both short-term and long-term business needs?
Yes, Shore Funding Solutions’ business line of credit is versatile and can be used for a range of needs, from managing short-term cash flows issues to investing in long-term growth projects, providing flexibility to adapt to your business’s changing requirements.
Join the thousands of businesses that Shore Funding has helped!
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