Business lines of credit
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Draw what you need, when you need it. Each offer is individually assessed.
See my optionsKey takeaways
- Each offer is individually assessed.
- Your limit refills as you repay.
- Most lenders want a year in business and fair to good credit.
Plexe
For businesses with 2+ years in business, $15K+ a month in revenue and a FICO score of 685+. Each offer is individually assessed. Not available in some states, and some industries are excluded.
See if you qualifyHow business line of credit works
A line of credit gives you a limit you can draw from and repay, over and over. It suits uneven cash flow, seasonal swings and surprise costs.
Lenders usually look for at least a year in business, steady monthly revenue and fair to good personal credit.
Published terms for business line of credit
| Lender | What they offer | Speed | Published minimums | Source | Apply |
|---|---|---|---|---|---|
| PlexePreferred | Revolving line up to $250K. Each offer is individually assessed. | Most decisions in minutes. As you repay, funds are available to draw again in real time. | FICO 685+, $15K+ monthly revenue, 2+ years in business. Some states and industries are excluded. | Plexe website | Check |
| Fora Financial | Lines of $5,000 to $100,000, repaid over 12 months | Weekly or monthly payments | Applying will not trigger a hard pull | Fora Financial website | Check |
| 1West | One application to a marketplace of 50+ lenders, including lines of credit | Offers often within 24 hours | 6 months in business, 4 months of bank statements, $15K monthly revenue | 1West website | Check |
Checked Oct 29 2026. Lender terms change often.
When a line of credit beats a loan
A line works best as a safety net. Open it while business is good, then draw when a slow month or a surprise repair hits. If you already know exactly what you are buying and when, a term loan is simpler.
Line of credit guides I recommend
- Before you apply, here's what lenders look for, so nothing catches you off guard.
- I walk through the application step by step if you've never done one.
- Not sure it fits? Here are some smart ways to use a credit line.
- If your business is still young, the rules change a bit.
- Thin credit? A secured line backed by equipment or receivables can open doors.
- I also cover vendor lines of credit, the revolving kind you draw and repay.
- Using a credit line for working capital is the most common setup I see.
- Ready to shop? Compare your options side by side here.
- Wondering how this stacks up versus a credit card? I break it down.
- For spending and rewards, see my take on business cards vs credit lines.
- If you need one lump sum, a term loan instead might fit better.
- Torn between a working capital loan or a revolving line? Start here.
- If your cash is stuck in unpaid invoices, invoice financing may beat a line.
- Before you take an advance, check merchant cash advance vs a line on cost.
Tools and related reading
- Want to see what a fixed payment looks like next to a draw? Try my business loan payment calculator.
- If you're holding an advance offer, run the true cost of an MCA first.
- New to the terms? Here's revolving vs installment, explained simply.
- Already have a line? Here's how to raise your limit.
- How much of your limit you use can move your approval odds.
- To estimate what a draw costs, use my line of credit calculator.
Questions owners ask
Line of credit or term loan?
A line is for recurring or unpredictable needs. A term loan is a lump sum for one planned purchase.
What do lenders check?
Time in business, monthly revenue, bank activity and personal credit. Plexe and Fora both use a soft pull to apply, so checking will not affect your score.
How fast can I draw?
With Plexe, most decisions take minutes. As you repay, funds are available to draw again in real time.
Not sure you qualify?
Tell Guru about your business and get matched in a two minute chat.
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Lending Gurus compares options and doesn’t lend. We may earn a referral fee when you apply through our links, but no lender pays for a review or a score, and partner status never changes one. Advertiser disclosure.