1Step one.  Apply direct, it only takes minutes

2Step two.  We evaluate your business need & revenue

3Step three.  Choose your loan and get funded

Business Line of Credit
through Empower Lend

Business Line of Credit through Empower Lend

The traditional way of improving your small business.  Empower Lend provides business line of credit with flexible options that accommodate the unique production needs of your business. Each funding product offers valuable features that can help you accomplish your business goals.

  • Business Line of Credit
    Up to $500,000

  • Decision as fast as 24 hours and funds in as few as 3 days

  • Term lengths from 3
    months up to 5 years

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Get a Business Line of Credit to access your capital when you need it.

A business line of credit (LOC) is a revolving loan that allows access to a fixed amount of capital, which can be used when needed to meet short-term business, needs.

A LOC is one of the tools a business can use to finance short-term working capital requirements, such as: Purchasing inventory.

A line of credit works like a credit card. With a business line of credit, you can borrow up to a certain limit — i.e, $100,000 — and pay interest only on the portion of money that you borrow.

Get a line of credit through
Empower Lend to:

  • Expand into new territories

  • Purchase inventory

  • Increase production

  • Factor payroll extensions

  • Do large-scale inventory buyouts

  • Purchase new equipment

  • Fund product development

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Qualifications for a Business Line of Credit – Same Day Approval

$25,000 – $50,000

ANNUAL REVENUE

680

CREDIT SCORE

Minimum 6 Months

TIME IN BUSINESS

*Based on past Empower Lend Customers

Business Line of Credit Frequently Asked Questions

A business line of credit allows you to access capital (which could range from $5,000 to $500,000 or more) as you need it — you don’t make payments or rack up interest until you actually use your funds. Credit lines work best for short term financial needs, such as ongoing operating costs, smaller purchases, or any situation that might result in a temporary shortage in cash flow.

While lenders typically have varying eligibility requirements, to qualify for a business line of credit, you will likely need:

  • At least six months in business
  • At least $25,000 – $50,000 in annual revenue

When you open a business line of credit, the business receives access to a stated amount of funds to use as needed. A monthly statement reflecting the amount of credit used will also include any interest charges. You only pay interest for the funds you use as you use them.

A business line of credit can be used for any business expense you have. Use it to pay bills, purchase inventory or equipment, increase cash flow, and cover the costs of unexpected business expenses.

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