Business line of credit
Get $5,000 to $500,000 in revolving working capital. Draw what you need, pay it back on your schedule and draw again, with funding in as little as 24 hours.
- No collateral required
- Draw, repay and draw again
- No hard credit pull
Simple, fast and clear.
- $5K–$500K
- Credit limits
- 500+
- Minimum credit score
- Same day
- Decisions
- 24hours
- Fastest funding
How a business line of credit works.
Your business gets a credit limit from $5,000 to $500,000. You draw any part of it when you need to and pay interest only on what you’ve drawn. As you pay it back, that amount is available to draw again.
You repay each draw on a set schedule of weekly or monthly payments, and the rest of the limit stays ready for the next need.
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What it costs. Interest on what you’ve drawn, plus any draw or account fees. Compare offers by what one draw would cost in dollars, from the day you take it to the day it’s repaid.
How the rate is quoted. Lenders quote a yearly rate, a monthly rate or a fee on each draw. Compare them as an annual percentage rate so offers sit side by side.
How the limit is set. Your limit is based on your revenue, your cash flow and your time in business. A record of drawing and repaying on time can raise it.
Ready before you need it. An open line costs nothing in interest until you draw, so it works as a reserve for the next opportunity or expense.
Business lines of credit at a glance.
- Revolving
- Draw, repay and draw again, as often as you need
- How much
- $5,000 to $500,000, based on your business profile
- Draws
- Once you’re approved, draws reach your account the same day
Compare your options.
See how Noya Funding stacks up against other financing sources.
| Traditional Bank | Other Online Lenders | ||
|---|---|---|---|
| Funding Speed | Same day to 48 hours | 30-90 days | 2-7 days |
| Funding Amount | $5K-$500K | $50K-$500K | $5K-$500K |
| Hard Credit Pull | Never | Always | Usually |
| Min. Annual Revenue | $150K+ | $250K+ | $100K-$250K |
| Min. Credit Score | 500+ FICO | 680+ FICO | 550-600+ FICO |
| Collateral Required | None | Often | Sometimes |
| Time in Business | 6+ months | 2+ years | 1+ year |
| Dedicated Advisor | Always | Never | Sometimes |
| Documents Needed | 4 bank statements | Full financials + tax returns | Varies |
| Application Time | 5 minutes online | Days to weeks | 1-3 days |
| Apply NowApplying won’t affect your credit score. |
What small businesses use a line of credit for.
Payroll in a slower week
Pay your staff on time while deposits are lower than usual.
Stock before a busy season
Inventory bought ahead of your busiest months and repaid as it sells.
Customers on 30 or 60 days
Pay your own bills while customers take 30 or 60 days to pay you.
Urgent repairs
Fix a cooler, a compressor or a van right away.
Seasonal costs
Marketing and extra staff for your busiest weeks.
A reserve
Money available for an opportunity or an unexpected cost, with no interest until you draw.
When a business line of credit is the right choice.
A line of credit isn’t the answer to every need, but in these three cases it’s the best fit.
Your cash flow has a gap that comes back
Seasonal businesses, businesses that pay suppliers before customers pay them and businesses waiting on 30 or 60-day invoices share the same pattern: steady costs, uneven revenue. Draw from the line when the gap opens and repay it when the revenue lands.
You want capital on standby, not a lump sum
Much of a line’s value is simply having it open. An urgent repair, a slow week or an opportunity that moves fast is covered without a scramble, and you pay interest only on what you draw.
You need to act fast on an opportunity
A bulk inventory deal, a contract that needs materials up front or a lease that comes free won’t wait for a new application. With a line already open, you can draw the same day and act while the opportunity is there.
All you need to qualify.
We look at more than your credit score, including your revenue history, deposit patterns and time in business. A business with strong cash flow may qualify even with imperfect credit.
- No collateral
- No hard credit pull
- No upfront fees
- 500+
- Credit score
- 6+months
- In business
- $150K+
- Yearly revenue
- 4months
- Of bank statements
Three steps to your funding.
- 1
Apply online
Fill in our short application in a few minutes. A few basics about your business and what you need, with no stack of paperwork to get started.
- 2
Get your options
Our team reviews your application and brings you the options that fit your business. We look at revenue, deposits and time in business, not only your credit score.
- 3
Receive your funds
Once you’re approved and the documents are signed, the funds can be in your business bank account in as little as 24 hours.
Frequently asked questions.
Is Noya Funding a lender?
Noya Funding is a business funding broker. We work with a wide network of lenders: our team reviews your application, matches you with the options that fit your business and stays with you through funding.
Does applying affect my credit score?
No. There’s no hard credit pull to apply, so applying won’t affect your credit score.
How is a line of credit different from a term loan?
A term loan is one sum, paid back on a fixed schedule. A line of credit is a limit you draw on when you choose, paying interest only on what you’ve drawn, and what you repay you can draw again.
What does a business line of credit cost?
Interest on what you’ve drawn, plus any draw or account fees. Compare offers by the annual percentage rate and by what one draw would cost in dollars.
How big a line can I get?
From $5,000 to $500,000. Your limit is based on your revenue, your cash flow and your time in business.
Do I need collateral?
No. Our lines of credit are unsecured, so no collateral is required.
Does the line stay open?
Yes, while the account is in good standing. The line is reviewed from time to time, and a record of on-time payments can raise your limit.
Which states do you work in?
Every state except Texas, Virginia, Connecticut and Missouri, where we can’t take requests yet.
Ready to get funded?
Apply online in minutes. No collateral, no hard credit pull and no obligation.