Lines of credit for money when you need it.
A line of credit lets you borrow, pay it back, and borrow again. We help you compare choices from our partners.
How business lines of credit work
Lines of credit help with costs that repeat or come up without warning. Use one to pay staff while you wait for customer payments, stock goods before a busy season, or cover a short-term gap. You pay interest only on what you borrow.
A line of credit lets you wait to borrow until you need the funds. You do not pay for money you have not used. You can use it with other funding.
Common uses for business lines of credit
How funding and payments work
- Structure
- Borrow as needed up to a set limit, then repay and borrow again Learn more about structure
- Repayment
- Pay back what you borrow and borrow again within the limit Learn more about repayment
- Interest
- Charged only on the amount you borrow
- Renewal
- Limits are usually reviewed each year
Things to think about
- — You may need to share financial reports from time to time to keep your line of credit.
- — Some lines charge a fee to keep the account open or for money you do not use.
- — Pricing and limits depend on revenue, credit profile, and time in business.
Grandview Capital Lending Inc is a business financing broker, not a direct lender. Funding is subject to approval and not all applicants will qualify. Terms, structures, and availability are determined by the funding partner.
Other funding options to compare
Term loans
Borrow a set amount and pay it back on a set schedule. Use it to grow, buy equipment, or combine higher-cost debts.
View term loans detailsEquipment financing
Money to buy machinery, vehicles, or other equipment. The equipment usually backs the funding.
View equipment financing detailsRevenue-based financing
Get money up front and repay a share of customer payments or sales. This can fit businesses with steady monthly income and seasonal changes.
View revenue-based financing detailsAsk an advisor about business lines of credit
We will review your needs and explain if this option fits. We can also help you compare other options. No obligation.