A line of credit gives you continuous access to working capital for your business so you have it when you need it most

Convenient Application

Minimal documentation needed—just 6 months of business bank statements and a debt
schedule. No tax returns or complex financial statements required.

Flexible Capital

Draw funds anytime over a 24-month period. If you don’t owe a balance, no payment is due.

No Draw Fees

Borrowers can access funds without paying extra per draw, unlike many other options.

Predictable Payments

With 36-month repayment terms, you make simple monthly payments, giving you confidence
in your cash flow.

A business line of credit is a revolving loan that allows access to a fixed amount of capital, which can be used when needed to meet short-term business needs. With a line of credit you have the flexibility to withdraw only what you need, when you need it—and pay for only what you use. You’ll have easy access to your set amount of working capital and you can draw on your approved line of credit amount as needed. Your business can quickly and easily draw as little or as much working capital as it needs, up to the approved amount.

Unlike a term loan, with a business line of credit you don’t need to apply for a new loan every time you need extra working capital. With easy access to working capital, you can manage your business’s future cash flow with less stress.

You can use your line of credit to take advantage of opportunities or pay for unforeseen expenses. Payments on the outstanding balance can be made with fixed daily, weekly, or monthly payments that are automatically withdrawn from the business bank account on file.

For more information call us today at 888-562-6766 or click on the CHECK YOUR RATE button at the top of the page for a free evaluation.

Application Process

1

Apply online or with a dedicated funding specialist

You can apply online or with a dedicated funding specialist. We recommend having the necessary documents on hand to make the process even faster (i.e. driver’s license or passport for the business owner, copies of business bank statements).

2

Review by dedicated funding specialist

A dedicated funding specialist will carefully review your business financing application and reach out if we need any additional information. Once a funding decision has been made your dedicated funding specialist will reach out to you with funding options if approved.

3

Get Funded

If approved and you accept an offer funds will be sent to the business bank account provided. You could have your loan funds in as quick as 24 hours.

Line of Credit FAQs

What is a line of credit?

A line of credit is a flexible loan from a financial institution that consists of a defined amount of money that you can access as needed. You can repay what you borrow from a line of credit immediately or over time in regular minimum payments. Interest is charged on a line of credit as soon as money is borrowed.

What is the difference between a loan and a line of credit?

Loans have what’s called a non-revolving credit limit, which means the borrower has access to the funds only once, and then they make principal and interest payments until the debt is paid off.

A line of credit, on the other hand, works differently. The borrower receives a set credit limit—just like a credit card—and makes regular payments that include both principal and interest. Unlike a loan, the borrower has continuous and repeated access to the line of credit while it is active.

How do I get a business line of credit?

Applying for a business line of credit with Smarter Credit is simple and easy. You can apply online or with a dedicated funding specialist. We recommend having the necessary documents on hand to make the process even faster (i.e. driver’s license or passport for the business owner, copies of business bank statements). A dedicated funding specialist will carefully review your business line of credit application and reach out if we need any additional information. Once a funding decision has been made your dedicated funding specialist will reach out to you with the line of credit options if approved. If approved you could access your line of credit in as quick as 24 hours.

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