Small business line-of-credit. Fast, Simple & secure

Small Business Line of Credit

Access cash–when you need it–with a line of credit

What is a Smart Equity Funding business line of credit and how does it work?

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. A business line of credit is the best financing option when you need extra working capital to cover recurring business expenses or bridge cash flow gaps. With ongoing access to funds, you have the flexibility to withdraw only what you need, when you need it—and pay for only what you use. So, you’ll be prepared for whatever challenges and opportunities come your way.

Benefits of a Smart Equity Funding Business Line of Credit

Revolving lines of credit
from
$6K-$100K

12-month repayment
term, resets after each
withdrawal

Automatic daily
or weekly payments

Instant Funding: Get money in your account within seconds every time you make a withdrawal—24/7, even on nights and weekends.†
Access more funds automatically: Receive automatic credit limit increases when we review your credit profile and determine if you qualify. We do this on an ongoing basis, so the opportunity is often there.
Business credit building: Help build your business’s credit by making on-time payments, which we report to bureaus.
Only pay for what you borrow: Withdraw what you need, when you need it. And pay interest just on the financing you use.
Revolving credit: Apply once and funds replenish when you pay them back, so long as you make timely payments.
No prepayment penalties: Get more flexibility by paying off your line of credit anytime you’d like, with no penalty or fee.
Transparent pricing: Use our Capital Comparison Tool to get a comprehensive breakdown of your line of credit’s cost—including all the key terms you need to evaluate potential loan offers

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Minimum eligibility requirements for an Smart Equity Funding Term Loan or Line of Credit

Let's see
if were a
match

Minimum Requirements
Time In Business	1 year
Personal FICO Score	600
Business Annual Gross Revenue	$100K
Business Checking Account	Yes

Applying for a line of credit at Smart Equity Funding is quick and simple

Get Started

STEP 1. Complete the application

Our simple 3 step application is all you need to apply. You can apply online or over the phone.

STEP 2. Get a decision

A dedicated loan advisor will be assigned to your company & will contact you to review your options.

STEP 3. Receive your funds

Complete the online agreement form and receive your funds as soon as the same day.*

Ways to use a business line of credit

Unlike a term loan, a business line of credit allows you to run your business without having to apply for a new loan every time you need a bit of extra cash. And with ongoing access to working capital, you can plan for and better manage your business’s future cash flow with less stress. Your line of credit can give you the boost you need to take advantage of opportunities when they arise.

One of the main benefits to having a business a line of credit is that it’s revolving. That means you can access the credit line when you need it, pay down the balance, and use the line again as funds replenish. There are many ways you can use business lines of credit. Here are some popular reasons why other small business owners use credit lines.

Top ways to use a line of credit

Reopening your business
Bridging cash flow gaps
Covering payroll
Hiring more employees

How other small business owners have used their Smart Equity Funding Lines of Credit

Albert & Christine Castanon

AK Investments, Inc.

“We used the money from Smart Equity Funding to consolidate our business credit card debt, help maintain the inside of the building, and buy some computers. We also used the line of credit to pay off the maintenance fee for the air conditioning, so we’ve been able to use that funding to keep this building going and our business running efficiently.”

Agrash Patel

Real Estate Investor

“I have used both a term loan and a line of credit from Smart Equity Funding to sustain my business when I have vacancies in my homes. Any business owner knows that your revenues can change over a period of time, but expenses do not. You need to borrow a little until you fill that vacancy so you can keep paying your bills, make payroll, etc. It’s smart business.”

Louis Farmer

Forge Industries

“Without flexible financing, we would not be able to grow the business. We would have had to come up with other sources of cash or wait until the business generated enough cash to be able to grow. About 90% of the money we borrowed went to inventory, and about 10% was for payroll and other operations.”

FAQs: Smart Equity Funding Line of Credit

What is Instant Funding†?
Instant Funding is the fastest and easiest way for small business owners to access working capital to run their business. Smart Equity Funding is one of the only lenders to offer business lines of credit with instant access to your funds. Draw from your line of credit when you need it and see the funds in your account in seconds, 24/7 even when the banks are closed – so you can get back to business as fast as you can click “draw funds.” And the best part is Instant Funding is available at no extra cost.†
How does my line of credit payback work?
Unlike other online lenders – our line of credit is revolving with no draw fees (just a monthly maintenance fee). Funds replenish as you pay them back – and additional draws are consolidated into one loan with one easy weekly payment.
Can I get a credit line increase?
There are some times when you could really use access to additional funds. Based on your cash flow, net income and payback history you may be eligible for a credit line increase. All you need to do is call your dedicated loan advisor to learn more.
How much will it cost?
The total cost of your line of credit will vary based on a number of factors, including your personal and business credit scores, time in business and annual revenue and cash flow.†
What other small business loans can I get in addition to my line of credit?
You may have a project that could benefit from funds beyond the capabilities of your business line of credit. At Smart Equity Funding we understand and our term loans are available in addition to your business line of credit. Reach out to your dedicated loan advisor to explore some of your available options. In addition to Smart Equity Fundings Term Loan and Line of Credit, check out this page for other types of small business loans.
How does business credit building work?
Unlike most online lenders, we use soft pulls of personal credit reports (which doesn’t affect your credit score).† And we report your payments to business credit bureaus so that every time you pay on time, you’re helping your business build a strong credit profile

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Additional resources on business lines of credit

Business Line of Credit vs. Business Credit Card

A line of credit is a revolving loan that provides a fixed amount of working capital that can be accessed as needed. All or part of the credit line can be accessed at any given time up to the fixed limit, repaid, and used again. Interest is only paid on the amount of credit used. A business credit card is also a very popular and flexible financing and purchasing tool for those times when business owners need quick access to cash.

While business credit cards are similar to business lines of credit and are both used by small business owners on a regular basis, there are some purchases or payments that can’t be made with a business credit card. For example, you may not be able to make certain payments including your property lease, payroll, and invoices from vendors; but you can use the funds from your business line of credit. Additionally, while some business credit cards come with lower credit limits, a Smart Equity Funding business line of credit is between $6,000 and $100,000.

Secured vs. Unsecured Business Lines of Credit

There are different types of loans for different types of business needs. One type of lending common for small business is asset-based lending. Asset-based lending can be any lending product that uses an asset as collateral for the loan, or in this case, a line of credit. In the event the borrower defaults on the loan, the lender can take possession of the asset. Assets can include things like real estate, equipment, inventory, accounts receivable, or cash accounts. These assets can be pledged as collateral to back new loans, and whether they are used as collateral determines whether the loan or line of credit is “secured” or “unsecured”.

A secured business line of credit requires a business to pledge assets as collateral to secure the line. Since a line of credit is a short-term liability, lenders typically ask for short-term assets, such as accounts receivable or inventory. If the borrower is unable to repay the line, the lender may proceed to assume possession of the collateral and sell the asset in order to pay off the balance.

An unsecured business line of credit does not require a business to pledge assets as collateral to secure the line. Unsecured lines of credit typically require the business owner to have a strong credit profile and credit score, along with a positive business track record to qualify. In general, unsecured lines of credit have slightly higher interest rates and line sizes are relatively smaller.

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Depending on the state where your business is located and other attributes of your business and the loan, your business loan may be issued by a member of the Smart Equity Funding family of companies. Your loan agreement will identify the lender prior to your signing. Loans subject to lender approval. Smart Equity Funding® is a Registered Trademark. All rights reserved.