Revolving · $10K – $1M · 24-Hour Funding
Business line of credit, built for cash-flow swings.
Summit places business lines of credit from $10,000 to $1,000,000 across 70+ funders — unsecured, asset-based, SBA, and revenue-based. Draw what you need, pay interest only on the outstanding balance, redraw as you repay. Soft-pull pre-qualification in minutes.
- Line Size
- $10K – $1M
- Rates From
- 8.49% APR
- Min FICO
- 600+
- Fund Speed
- 24 hrs
Your options
Four types of business lines — one application.
Unsecured Line of Credit
$10K – $250K24 hrs
No collateral. FICO 600+ and 6+ months in business. Rates 8.49–60% APR depending on profile.
SBA 7(a) Line of Credit
$50K – $5M2–6 weeks
Lowest-cost line on the market. Prime + 1.5–3%. Slower close, full underwriting.
Asset-Based Line
$250K – $25M2–4 weeks
Secured by AR and inventory. Bank-style facility from non-bank lenders. 8–14% APR.
Revenue-Based Line
$10K – $500KSame day
Underwrites deposits, not credit. Fastest line available — accepts FICO 500+.
Equipment Line of Credit
$50K – $2M3–7 days
Revolving line tied to equipment purchases. Asset-secured, lower pricing than unsecured.
Stacking Refi to Line
$25K – $1M2–3 days
Consolidate open MCAs into a single revolving line with a lower payment.
FAQ
Business lines of credit, answered.
What is a business line of credit?
A business line of credit is revolving capital — you're approved for a maximum draw amount, take what you need, pay interest only on what's outstanding, and redraw as you repay. Unlike a term loan, you don't take the full amount upfront, which makes it ideal for managing cash-flow swings, payroll, inventory, and short-term opportunities.
How do I qualify for a business line of credit?
Most lenders require 6+ months in business, $10K+ in monthly deposits, and FICO 600+ for an unsecured line. Secured lines (against AR or inventory) and SBA 7(a) lines have stricter requirements but lower pricing. Summit pre-qualifies on a soft pull — no impact to your credit.
What's a typical business line of credit rate?
Unsecured business lines run 8.49%–60% APR depending on credit, time in business, and revenue. SBA 7(a) lines are Prime + 1.5–3%. Asset-based lines run 8%–14%. Revenue-based 'lines' (which are really stacked advances) run higher — Summit underwrites all four and tells you which fits.
How much can I borrow on a business line of credit?
Initial unsecured lines are usually 80–150% of average monthly deposits (so $50K/month → $40K–$75K line). Secured lines size against collateral. Lines scale on renewal — second-year lines often double after a clean repayment history.
Line of credit vs. term loan — which is better?
A line of credit is for recurring or unpredictable needs (working capital, AR gaps, opportunistic buys). A term loan is for one-time, defined purchases (equipment, build-out, acquisition). Lines are cheaper when you don't fully draw; term loans are cheaper when you fully use the capital for the full term.
Can I get a business line of credit with bad credit?
Yes — but pricing reflects the risk. Sub-650 FICO operators typically qualify for revenue-based lines (10–60% APR) rather than traditional unsecured lines. Strong deposits and 6+ months in business matter more than credit at this tier.
A line of credit ready when you need it.
Soft-pull pre-qualification. No obligation. Same-day decisions on revenue-based products.