Business Lines of Credit
Flexible access to capital whenever your business needs it, with the freedom to draw funds on your terms.
Apply for a Line of CreditLine of Credit Overview
Amount Range
$10,000 - $500,000
Draw Period
6-18 months with renewal options
Interest Rates
Starting at 7%+ (only pay interest on what you use)
Time to Fund
As fast as 1-3 business days
A business line of credit provides your company with flexible working capital that you can access when you need it. Unlike a term loan, you only pay interest on the amount you've drawn, making it an ideal solution for managing cash flow, addressing unexpected expenses, or taking advantage of time-sensitive opportunities.
Once approved, you can draw funds up to your credit limit at any time during the draw period. As you repay the principal, that amount becomes available to borrow again.
Benefits of a Business Line of Credit
Draw Funds as Needed
Access capital on your terms when opportunities or challenges arise, without applying for new financing each time.
Pay Only for What You Use
Unlike term loans, you only pay interest on the funds you've withdrawn, potentially saving you money over time.
Quick Access to Funds
Once your line is established, you can typically access funds within 24 hours, providing rapid response to business needs.
Build Business Credit
Responsible use of your line of credit can help establish and improve your business credit score over time.
Is a Line of Credit Right for Your Business?
A business line of credit is ideal for companies that:
- Have been in business for at least 6 months (12+ months preferred)
- Generate at least $5,000 in monthly revenue
- Experience seasonal fluctuations in revenue or cash flow
- Need flexibility to manage inventory purchases or operating expenses
- Want a safety net for unexpected expenses or opportunities
Note: Requirements may vary based on your business profile, industry, and other factors. Our funding advisors can help determine if a line of credit is the right solution for your specific needs.
How to Apply
Apply Online
Complete our simple application in minutes. No paperwork, no hassle.
Receive Offers
Get personalized line of credit offers with clear terms and transparent pricing.
Get Funded
Once approved, your line of credit is set up and ready for you to draw funds as needed.
Ready to fuel your business growth?
Get started with Nexli Funding today and secure the funding you need to take your business to the next level.