Funds on standby, interest only on what you use
Business Line of Credit
An approved limit you draw against as you need it and repay as money comes in. You pay interest only on the balance you've actually drawn, not the limit you hold.
- Amount
- $10,000 - $500,000
- Term
- Revolving, reviewed annually
- Security
- Secured or unsecured
- Funding
- 2 - 5 business days
How it works
What is a business line of credit?
A line of credit sits behind your trading account as a buffer. Draw $20,000 of a $100,000 limit and you pay interest on $20,000; repay it next week and the interest stops. The facility stays open and available.
It suits businesses whose cash needs are recurring but unpredictable. That is where a term loan is the wrong shape: you don't need the whole amount, and you don't need it for the whole term.
Who is it for?
- Businesses with seasonal or lumpy revenue
- Operators who regularly bridge a payroll or supplier gap
- Businesses wanting a safety net in place before they need it
- Anyone tired of reapplying for a new loan every few months
Common uses
- Smoothing payroll across a quiet month
- Taking early-settlement discounts from suppliers
- Covering an unexpected repair or replacement
- Funding a large order before the customer pays
- Holding a cash buffer through a known quiet quarter
Questions
Common questions answered
Other options
Explore the rest of our funding
Unsecured term loan
Funding without putting up property
$5,000 - $500,000Secured term loan
Lower cost, longer terms, larger amounts
$50,000 - $1M+Equipment & asset finance
The asset secures itself
$10,000 - $1M+Invoice finance
Get paid now, not in 60 days
Up to 85% of invoice valueBusiness car loan
Vehicles financed on business terms
$10,000 - $250,000Trade finance
Fund the gap between paying suppliers and getting paid
$50,000 - $1M+Development & construction
Funding drawn down as the build progresses
$500,000 - $20M+