Business line of credit
A business line of credit gives you a set credit limit you can draw from whenever you need it. You borrow what you need, when you need it, and pay interest only on the amount you use. With Park Business Capital, approvals are fast, with limits from $50,000 to $10,000,000 and funding often in 1 to 3 business days.
Check your limitWhat a line of credit is
A lender approves you up to a limit. The full amount sits ready, but you only draw what you want. As you repay, that capital becomes available again. It works well for costs that come and go rather than a single large purchase.
How it works and what you need
Apply online or call us. A funding specialist sets your limit based on your revenue and history. Checking your offer is a soft pull, so it does not affect your credit score, and there are no application fees.
- At least 3 months in business.
- Around $10,000 in monthly deposits.
- Your 3 most recent business bank statements.
- A completed one-page application.
Benefits and use cases
- Pay interest only on what you draw, not the full limit.
- Reuse the credit as you pay it back.
- Cover gaps without reapplying each time.
- Fast approval and funding, often within 1 to 3 business days.
Owners use a line of credit for cash-flow gaps, inventory buys, surprise repairs, and seasonal swings. If you need one large lump sum with a fixed payoff date, a term loan may suit you better.
Line of credit questions, answered
Do I pay interest on the whole limit? +
No. You pay interest only on the amount you draw, not on the full limit that sits available.
Can I use it more than once? +
Yes. As you repay, the credit becomes available to draw again, so you can reuse it without reapplying each time.
Will checking my limit affect my credit? +
No. Checking your offer is a soft pull, so it does not affect your credit score, and there are no application fees.
How fast can I get funded? +
Approved businesses are often funded within 1 to 3 business days, with limits from $50,000 to $10,000,000 based on your revenue and history.
Explore other financing options
Compare a line of credit with a term loan for a fixed lump sum, or a merchant cash advance if most of your revenue runs through card sales. You can also view all business financing and loan products.
Apply for a line of credit
See your limit without affecting your credit. Apply in minutes with no application fees.