Credit for your
next move.

A term loan provides a lump sum for a planned expense. A credit line lets you draw from an approved limit as costs come up, such as inventory or payroll. Whether you can borrow again after repaying depends on your agreement.

Options go up to $250,000. Your limit depends on the funding partner’s review and approval; the maximum is not guaranteed.

A credit line can help cover inventory, payroll, repairs, or the gap between paying suppliers and receiving customer payments. Match the amount you draw to the expense and check that the repayment schedule fits when you expect income.

Your limit is the maximum approved under the agreement. Available credit is what you can currently draw after accounting for borrowing and any restrictions. Check the available amount before relying on the line for a payment.

Check the rate, payment schedule, and any fees for opening the line, making a draw, or keeping it available. Unused credit may still carry a fee. Compare the cost of the amount you expect to use, not just the advertised limit.

Repaying principal may make room for another draw. Interest and fees do not replenish your limit. Before relying on that money, check when it becomes available and whether another draw needs approval. Your account must meet the agreement’s conditions.

Check the draw requirements in your offer. You may be able to use only part of the limit, but an initial draw or minimum draw amount may apply. Confirm those requirements before choosing a line for occasional expenses.

Your agreement sets the payment amount, frequency, and repayment period. Before taking another draw, check how it changes what you owe and when payments are due. Do not assume every draw has the same schedule.

Your specialist will confirm which bank statements, business records, and other documents the funding partner needs to review your business and recent financial activity.

Checks vary by funding partner and product. Before authorizing an inquiry, ask your specialist which checks apply, when they happen, and whether they affect your credit.

Requirements vary by offer. Ask whether the line is secured by business assets and whether an owner must provide a personal guarantee. An unsecured line does not necessarily mean there is no personal guarantee.

Tell your specialist about the loan and its payments. Existing borrowing is part of the financial picture a funding partner reviews. Whether another credit line is available depends on that review and the terms of your current financing.