A Line of Credit that businesses can depend on.
Our line of credit gives your business continuous access to working capital when your business needs it the most.
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What Is a Line of Credit?
Easy Access to Funds
A business line of credit is one of the most flexible financing options available, giving you fast access to a set amount of working capital whenever you need it. Once approved, you can draw as much or as little as you like, up to your credit limit, through a simple, streamlined process. You only pay interest and fees on the funds you actually use, making it a smart and cost-effective way to manage cash flow.
This flexibility makes a line of credit perfect for ongoing cash flow needs, unexpected expenses, or seizing new growth opportunities. At Block Equity, we can facilitate financing from $5,001 to $750,000 with terms up to 24 months. Payments on your outstanding balance can be set to fixed daily, weekly, or monthly withdrawals, automatically debited from your business account for convenience.
Funds can be accessed quickly via ACH deposit into your business bank account, giving you near real-time access to capital when it matters most. With a line of credit from Block Equity, your business is always ready for what’s next.
Your Business Line of Credit gives you convenient access to funds through a quick ACH transfer directly to your business bank account.
A Business Line of Credit Grants Continuous Access to Working Capital When You Need It Most. You only need 3 important things to apply.
- A valid form of identification
- Business bank account number and routing
- Last four months of business bank statements
Line of Credit FAQs
The type of product that is ideal for your business depends on the need for capital, the desired repayment terms, and the amount of capital needed, among other business-related factors. A loan is ideal for businesses looking for traditional financing with a higher capital amount and potentially longer repayment terms. A line of credit is ideal for businesses that have recurring cash flow needs. It can also be used for a variety of short-term needs, such as managing payroll or covering unexpected costs. A line of credit allows you to repeatedly draw on funds, up to the maximum credit amount approved, while making regular payments to pay off only what you’ve drawn and any associated fees or costs. With a loan, the business needs to pay back the entirety of the loan including any associated interest charges or fixed fees.
Determining whether your business should apply for a line of credit or a business credit card depends on how much working capital your business is looking for, whether or not your business prefers to set terms and payments, or if your business is looking to get some perks. A business credit card usually has a set credit limit which can be used at any time. Business credit cards also come with a set interest rate and monthly payments. Some even offer cash back. A business credit card could be useful if your business would rather get these additional perks. A business line of credit can potentially have a higher credit limit depending on what the business is approved for. Lines of credit come with daily, weekly, or monthly payments and have set terms, which may reset on every draw. A line of credit is a great option for businesses that have recurring cash flow needs or want to have working capital ready for any opportunity. This product allows business owners flexible access to working capital.
A line of credit works by giving businesses access to working capital that they can use at any given time. The business is responsible for paying back the drawn amount and any associated interest or other fees. Automatic payments are withdrawn from the business bank account. Amortization can be up to 24 months and may reset every time the business draws more capital from the line of credit.
Your business can draw from its approved line of credit at any time. The amount drawn will be deposited into the business bank account. You can then use the funds for your desired business purpose.
Block Equity Group offers a line of credit calculator that can help calculate what your business may qualify for and what estimated payments might be.
Line of Credit with Block Equity
At Block Equity Group, we’re dedicated to finding you the perfect-fit financing solutions. We’ll talk you through the best options for long-term growth while providing your business with the resources it needs to come out on top!
- Trusted by over three thousand businesses around the country
- A dedicated team of business advisors to help you navigate the best financing options
- Easy access to additional funding needs
- Innovative digital technology that streamlines the financing process
Ready to see what your business qualifies for? Apply now and get a funding review from the Block Equity Group team.