Top Vendors for Business Line of Credit

Directory of business line of credit lenders and line of credit solutions for new businesses. Find links to a corporate LOC source who can provide a secured or unsecured line of credit to your company until it becomes profitable.
Business Credit Cards

Find the Right Business Credit Card For You from American Express Now!

www.AmericanExpress.com/Business

Business Credit CardsVisit www.AmericanExpress.com/Business
Business Credit

Quickly find providers of business credit, business credit cards with no personal guarantee, and other financial services to help your company establish business credit. Review bus… more »

Money Orders

Distributors and sellers of money orders. Research providers offering online money order transfers and international money orders. Buy money orders online from one of our directory… more »

401k Plans

Information on 401(k) plans. more »

401k Rollover

Business directory to 401k rollover information and advice. more »

403(b) Plans

Resources and services for 403(b) plans. more »

Get Your Business Listed

Get your business listed on this page

Reach active buyers and immediately increase your visibility

Get Started
Pension Plans

Information on pensions. more »

Business Line of Credit Basics


Before contacting a lender to discuss financing options, it's best to learn about business line of credit basics. A business line of credit (LOC) is a common way for company owners to meet their short-term working capital needs. In most cases collateral is not required as long as the business owner meets all basic credit criteria.

The maximum amount of the unsecured business line of credit for which a business owner will qualify is dependent upon the company’s historical and projected annual cash flow and revenues. Consider the following tips to help you learn more about business lines of credit.

1. Research pros and cons of obtaining a business line of credit.

2. Access funds whenever needed with a business line of credit.

3. Use a business line of credit to create cash flow.

Determine if a small business LOC is right for you

A business line of credit is a revolving product with no fixed terms. In most cases a business line of credit is the best option for short-term cash flow needs. For example, if you are obtaining long-term working capital or are purchasing a fixed asset, a business term loan would be a more appropriate financing tool.

Use a business credit line to finance short-term business objectives

Business owners can borrow off of the total business credit line incrementally or in one lump sum. To qualify, financial institutions will generally require a personal statement, certified business and personal tax returns for the past three years and other supplemental information that demonstrates the financial stability of your company.
U.S. Small Business Association website to obtain basic information about business lines of credit and how you can accurately assess your financing needs

Expand your company with a business line of credit

A business line of credit can be used to finance a range of business expenses, such as equipment or a new product or service offering. While criteria will vary by financial institution, business line of credit lenders will generally want to ensure that your company is financially sound and profitable.
  • Be sure to watch out for high interest rates when applying for a small business LOC. While business lines of credit rates will generally be higher than business loans, they rates should be significantly lower than credit card rates.