A business line of credit is a type of funding that allows you to borrow from a set amount of money. You’re given a credit limit, and within it you can draw what you need, when you need it. You only pay interest and fees on what you borrow.

Compared to a term loan, a business line of credit is typically used to cover recurring business expenses or bridge cash flow gaps. With 4thebiz, you replenish your available funds as you repay what you borrow. This is known as a revolving business line of credit. To help you build your credit, we report your payment history to the business credit bureaus.