Lines of Credit
Ready-to-Go Cash Flow
Always available when you need it and standing by when you don’t. Enjoy flexible, easy access to funds on-demand whenever your business requires.
6%
Rate as low as
3-24
Month Term
$5k-$100k
Amount
48 Hours
Time to Fund
What are Lines of Credit?
A business line of credit offers flexibility and readiness for small businesses. Unlike a fixed payment or loan, a line of credit provides pre-approved funds that you can access as needed. You only pay interest on what you borrow, so there are no accrued interest or minimum payments when the funds are not in use.
- Pay Interest Only on What You Borrow
- Quick Application and Funding
- Easily Renewable Product
Is a Business Line of Credit right for me?
How Do I Secure a Line of Credit for My Business?
Approved lines of credit vary based on your business and can be either secured against collateral or unsecured. Secured lines typically offer better rates and terms.
What Makes This Useful to Small Businesses?
The primary advantage of a line of credit is its revolving nature, providing a flexible source of capital. Use it when you need it, pay it down when you can, and repeat the process as needed.
When Do I Accrue Interest on My Credit Line?
You only pay interest on the money you borrow when you borrow it. As you repay the borrowed amount, more credit becomes available, and you’re only charged interest when using the funds.
Ready for Action
With an approved line of credit, funds are available whenever you need them, ensuring your business continues seamlessly.
Limited Interest
Accrue interest only when the credit is being used, and it returns to zero as soon as it’s paid off.
Lower-Cost Capital
Access cash on demand at competitive rates that pause when not in use.
Fast and Easy Approval
Get approved within minutes and receive funds within 48 hours, with flexible terms that are easy to renew.
The big benefit of lines of credit is the financial flexibility they provide for small business owners at a lower cost. When unplanned expenses arise, operations can continue smoothly because the credit is readily available. No surprises, no worries—just cash within reach.
Advantages
- Low Cost Compared to Other Funding Options
- On-Demand Access to Revolving Capital
- Interest Rates as Low as 6%
Minimum qualifications
- Three Months in Business
- 500 Minimum FICO Score
- $10,000 Minimum Monthly Gross Sales
What you’ll need to apply
- Completed Business Application
- 6 Months of Business Bank Statements
- Direct Connection Through Online Banking (Preferable)
Let’s get down to small business.
At Soulasfi, we offer smart financing fast. We believe in your small business and in our straightforward approach. No nonsense, no surprises—just expert guidance from start to finish.