Business Line of Credit
Instant funding on demand
Enjoy peace of mind by having money available 24/7, even on nights and weekends for any business expense. Draw funds with a click of a button.
Access to a revolving line
Draw as little or as much as you want from your available credit. Your credit line replenishes as you make repayments.
Only pay for what you borrow
Withdraw what you need, when you need it. And pay interest just on the financing you use.
A consolidated payment for all withdrawals
Make one weekly payment on all withdrawals, avoiding the headache of multiple payment schedules.
No prepayment penalties
Get more flexibility by paying off your line of credit anytime you’d like, with no penalty or fee.
Business credit building
Help build your business’s credit by making on-time payments, which we report to the credit bureau.
Best used for
- REOPENING YOUR BUSINESS
- BRIDGING CASH FLOW GAPS
- COVERING PAYROLL
- HIRING MORE EMPLOYEES
How FundersPoint Line of Credit Works
Apply Online
Takes less than 10 minutes
Provide us basic information about your business.
Review Your Options
Ready in as fast as one business day
Your dedicated loan advisor will reach out and work with you to choose the best offer
Get approved
As soon as same day.
Draw funds
Use your online dashboard to request funds, and get cash in your bank account within hours
Make repayments
Pay back each draw with fixed monthly or weekly payments over 6 or 12 months.
Access more funds
As you pay off your balance, your available credit is automatically replenished.
How to Get Started
Minimum qualification
- 600+ FICO
- 6+ months in business
- $10,000 in monthly revenue
What you need
- Basic details about you and your business
- Bank connection or 3 months most recent bank statements
Ready to apply? Get Started
Have more questions? Read the FAQ