A business owner working on a laptop in his plant-filled shop

HomeBusiness financingBusiness line of credit

A business line of credit you draw on as you need it.

A set limit you can draw from for recurring costs, seasonal cash flow and the unexpected. Tell us about your business and we'll talk through options that may fit.

Start a financing requestHow it works

Or call (619) 382-3810, Monday to Friday, 8:30am to 5pm Pacific.

How a line of credit works

  • A set limitThe lender sets a limit on how much the business can borrow.
  • Draw as you need itYou draw funds when you need them, instead of one lump sum at the start.
  • RevolvingThe line is revolving, and subject to credit review and annual renewal.

FAQ

Business line of credit, explained plainly

What is a business line of credit?

A form of credit where the lender sets a limit on how much the business may borrow, and you draw funds as needed rather than receiving one lump sum.

What is it used for?

Paying recurring operating costs, supporting cyclical or seasonal cash flow, and covering unexpected situations or emergencies.

Secured or unsecured?

Both exist. For a secured line of credit, the owner provides some business and personal assets as collateral.

Does it renew?

The terms are revolving and subject to credit review and annual renewal.

Line of credit or term loan?

A line of credit suits ongoing or uneven needs. A term loan gives a set amount up front, and bank term loans usually offer larger amounts and longer terms.

Sources: OCC, Small Business Road Map to Financial Resources.

What to have ready

  • Roughly how large a limit you have in mind
  • How long the business has been operating
  • Your approximate monthly revenue

What happens next

  1. Tell us what you need. A few quick questions. It takes about two minutes.
  2. We review it. Someone licensed reads every request.
  3. We reach out. We talk it through with you. There is no obligation.
Start a financing requestCall (619) 382-3810

How it works

  1. 1

    Tell us what you need

    A few quick questions. It takes about two minutes.

  2. 2

    We review it

    Someone licensed reads every request.

  3. 3

    We reach out

    We talk it through with you. There is no obligation.

Tell us what your business needs.

A licensed agent reviews your request and gets back to you. Prefer to talk? Call (619) 382-3810, Monday to Friday, 8:30am to 5pm Pacific.

Financing is subject to each lender's review and approval. We do not ask for Social Security numbers or run a credit check through this form.

If you request a quote, a licensed insurance agent may contact you. We use this only to respond to your request. Please give us an email or a phone number.

You may also need

  • Financing is subject to each lender's review and approval.
  • Wolfcrest is not a lender or funder.
  • If you request a quote, a licensed insurance agent may contact you.