The most flexible financing available
Unlike a term loan where you receive a lump sum and immediately start paying interest on the full amount, a line of credit lets you draw only what you need. Repay it, and your available credit replenishes automatically.
EXAMPLE
You have a $200,000 credit line. You draw $50,000 for inventory. You only pay interest on $50,000. After 60 days, you repay $50,000 and your full $200,000 is available again.
✦No fees to draw funds
✦Only pay interest on drawn balance
✦Revolving — repays and replenishes
✦Available 24/7 via online portal
✦No collateral required for lines under $250K