Business Line of Credit - Patriot Business Loans

What is a Business Line of Credit?

Business Line of Credit

A revolving line of credit gives you the ability to access capital whenever you need. These funds are available on demand with a click of a button. You only pay for what you use and this can be beneficial for businesses that want to sustain or invest in growth. The term and rate typically stay fixed so you know exactly what you are paying for.

Funding Amount

Up to $1m


6 months to 3 years


Starting at 4.5%

Time Frame

Within 1-2 days

Get the most from your small business

A revolving business line of credit application is a smooth and simple process with our one-page application. Our funding partners typically look for a high credit score with strong bank statements showing healthy daily balances. There are no prepayment penalties, monthly maintenance fees, or account closure fees for the line of credit making it a very attractive option if a business qualifies. With this product, there are no restrictions on how the capital drawn from the line of credit is used. A line of credit can be approved and funded in as little as 24-48 hours.
Use your line of credit for just about anything (really).

A business line of credit isn’t just a safety net – it’s also one of the most flexible forms of financing. You can use it for just about any small business need: buying equipment, hiring staff, increasing inventory, adding a second location, paying invoices, installing a cappuccino machine, and more. And because a line of credit is revolving, you can use it as many times as you want. As soon as you repay what you’ve used, those funds become available to you again.

Qualifying and applying for your line of credit is pretty easy.

To get your business line of credit, you’ll typically need to be in business at least 6 months and have $50,000 or more in annual revenue. You’ll also need a credit score of 560 or higher. Your lender may ask you to make a personal guarantee, which is an agreement that the lender may be able to levy personal assets such as a car, house, or bank account if you default on the line of credit. Applying is easy: simply fill out our 15-minute application, then compare business line of credit options from 75+ lenders.

You pay interest on the funds you use - not the whole thing.

One of the coolest things about a business line of credit is that you only pay interest on the funds you use, not the full amount. For example, if you’re approved for a $40,000 business line of credit and you use $20,000 for office upgrades, you’ll just pay interest on that $20,000. This could save you a bundle in interest. See, pretty cool, huh?

A loan made just for you and your business

Our goal is to be the premier go-to source for business financing. We strive to be the best-in-class service for funding needs for your business. We listen, analyze, and evaluate to help you achieve growth and financial goals for your business.