01 How it works
Apply once. Draw whenever you need to.
A line of credit isn't a lump-sum loan. You're approved for a limit, and from there you decide when — and whether — to borrow against it.
The five-step lifecycle of your line.
- 1
Apply
One short form about your business and the owner. No credit pull, about two minutes.
- 2
Approved
A coordinator reviews recent bank statements and sets your limit — often the same day.
- 3
Draw
Move funds to your operating account, any amount up to your limit, in minutes.
- 4
Repay
Pay interest only on the balance you drew, on a schedule that fits your cash cycle.
- 5
Redraw
Available credit refills as you repay — reuse the line again and again.
02 The cycle
Draw, repay, redraw — as often as you need.
The thing that makes a line different from a loan is the loop. Your limit doesn't disappear when you use it; it comes back as you pay down.
Say you hold a $250,000 line. Draw $100,000 to cover a big purchase and you've got $150,000 still available. Repay that $100,000 and you're back to the full $250,000 — ready for the next time, with no new application.
What stays true every cycle
- Interest accrues only on what you've drawn
- An untouched line costs you nothing
- No new application to draw again
- Repay early with no penalty
- Your limit is reviewed and can grow over time
03 Line vs. loan
When a line is the right tool.
A term loan is for a single, known, one-time expense. A line is for the recurring, unpredictable gaps — when flexibility matters more than a fixed lump sum.
You'll need capital more than once
If the same kind of gap keeps coming back, one approval that you reuse beats reapplying for a new loan every time.
You don't want to pay for idle money
With a loan you pay interest on the whole sum from day one. With a line you pay only when — and for as long as — you actually borrow.
Timing is unpredictable
You can't always plan when the opportunity or the shortfall arrives. A line is approved ahead of time and waits until you need it.
Find out what you qualify for.
It takes about two minutes and won't touch your credit. Your line sits ready until the day you need it.