This guide is for business owners seeking flexible financing and help in finding the right small business line of credit for their situation. When comparing options, I recommend starting by looking at how well each lender matches your credit profile, revenue, and time in business. It is also important to compare total cost, funding speed, draw flexibility, and repayment terms. As you review small business lines of credit, focus on the features that will help you run your business more efficiently, whether that means fast access to funds, straightforward fees, or a simple application process.
With that in mind, here are my top eight picks for the best small business lines of credit.
| Provider | Best for | Max. loan amount |
|---|---|---|
| Bluevine | Best overall for established businesses seeking low rates | $250,000 |
| Lendio | Low-revenue companies | $500,000 |
| Clarify Capital | Multiple loan options | $5 million |
| 1West | Easy online lending process | $500,000 |
| Creditfy | High approval odds and rapid decisions | $5 million |
| SBG Funding | Longer repayment terms | $1 million |
| AdvancePoint Capital | Businesses with high gross sales | $5 million |
| QuickBooks Capital | Embedded lending options | $100,000 |
When determining which lines of credit might best suit a variety of small business needs, I kept a few key considerations in mind. These factors focused on the following:
- Interest rates and APRs: I compared typical rate ranges and prioritized lenders that are transparent about pricing and offer competitive borrowing costs.
- Credit limits and repayment terms: Because financing needs vary by business, I considered lenders that offer a range of credit limits along with repayment structures that can accommodate different cash flow situations.
- Qualification requirements: I included lenders with requirements that are accessible to a broader range of borrowers, including newer businesses and those with less-than-perfect credit.
- Application process: I gave preference to lenders with streamlined online applications and limited documentation requirements, since a simpler process can make financing more accessible.
- Funding speed: For businesses facing immediate expenses or short-term cash flow gaps, funding timelines matter. I highlighted lenders with a reputation for fast approval and disbursement.
- Customer reviews: I also reviewed customer feedback to better understand the borrower experience and assess whether lenders consistently meet expectations in practice.
- Quick comparison of the best small business lines of credit
- Bluevine: Best overall for established businesses seeking low rates
- Lendio: Best for low-revenue companies
- Clarify Capital: Best for multiple loan options
- 1West: Best easy online lending process
- Creditfy: Best for high approval odds and rapid decisions
- SBG Funding: Best for businesses seeking longer repayment terms
- AdvancePoint Capital: Best for businesses with high gross sales
- QuickBooks Capital: Best for embedded lending options
- How to choose the best small business line of credit
- Alternatives to small business credit lines
- Frequently asked questions (FAQs)
- Bottom line
Quick comparison of the best small business lines of credit
| Est. starting APR | Max. loan term | Min. credit score | Annual revenue req. | |
|---|---|---|---|---|
| Bluevine | 7.8% | 12 months | 625 | $120,000 |
| Lendio | 8% to 60% | 24 months | 600 | $50,000 |
| Clarify Capital | 5% | 18 months | 550 | $120,000 |
| 1West | 6% | 24 months | 500 | $120,000 |
| Creditfy | 12% | 36 months | Varies | Not stated |
| SBG Funding | 12% | 48 months | 550 | $180,000 |
| AdvancePoint Capital | Varies | 36 months | 600 | $200,000 |
| QuickBooks Capital | 13.49% | 24 months | 580 | $50,000 |
Bluevine: Best overall for established businesses seeking low rates
 | |
|---|---|
| Rates and Terms | |
| Application time | 5 minutes |
| Approval speed | 5 minutes |
| Funding speed | As fast as same-day |
| Loan amount | Up to $250,000 |
| Starting interest rate | 7.8% |
| Estimated APR | 8%+ |
| Repayment term | 26 weeks or 12 months |
| Repayment schedule | Weekly, monthly |
| Qualifications | |
| Credit score | 625 |
| Time in business | 12 months |
| Annual business revenue | $120,000 ($10,000 in monthly revenue) |
Why I like Bluevine
Bluevine is my pick as the best overall credit line because it has a good chance of giving qualified borrowers the lowest starting rates. Other providers, by comparison, may advertise more competitive rates and fees but could limit that availability to only the most highly qualified businesses.
Bluevine also has a business checking account product. If you link it with its line of credit product, you’ll have the ability to have instant access to funds when you make a draw request on the line. We detail this and other benefits of the checking account in our Bluevine business checking review.
Funds drawn from a Bluevine line of credit can be used for virtually any business-related purpose. This flexibility, along with the reasons mentioned above, is why we also selected the provider for our roundup of the best working capital loans. To learn more or apply, visit the Bluevine website.
Lendio: Best for low-revenue companies
 | |
|---|---|
| Rates and Terms | |
| Application time | 15 minutes |
| Approval speed | As fast as 24 to 48 hours |
| Funding speed | 1 to 2 days |
| Loan amount | Up to $500,000 |
| Starting interest rate | 8% to 60% |
| Estimated APR | Varies |
| Repayment term | 6 to 24 months |
| Repayment schedule | Weekly and monthly |
| Qualifications | |
| Credit score | 600 |
| Time in business | 6 months |
| Annual business revenue | $50,000 |
Why I like Lendio
With one of the lowest annual revenue requirements on my list, Lendio is an excellent option for newer businesses that have not yet had time to build up their sales volume. It’s a loan marketplace that routes one application to its network of lenders, often returning multiple small business credit lines to compare, and funding can arrive as soon as the next business day, depending on the lender and product.
The company partners with over 75 lenders, which is quite a bit when compared with other brokers, such as 1West, which offers 50. Depending on your preference, you can be matched with providers that offer both secured and unsecured lines of credit. Secured lines of credit can be easier to get and offer lower rates, but may take longer to get funded. Unsecured lines of credit have faster funding speeds but often carry higher rates and have stricter qualification requirements.
Should you have any questions about the application or approval process, you’ll be assigned a dedicated funding specialist who will walk you through the process and provide personalized recommendations.
To apply, you can visit the Lendio website. Applications can be completed in less than 15 minutes, after which you’ll be contacted by a lending specialist to discuss your specific needs.
Clarify Capital: Best for multiple loan options
 | |
|---|---|
| Rates and Terms | |
| Application time | 2 minutes |
| Approval Speed | As fast as 24 hours |
| Funding Speed | 24 to 48 hours |
| Loan amount | Up to $5 million |
| Starting interest rate | 5% |
| Estimated APR | Varies |
| Repayment term | 6 to 18 months |
| Repayment schedule | Monthly |
| Qualifications | |
| Credit score | 550 |
| Time in business | 6 months |
| Annual business revenue | $120,000 ($10,000 in monthly revenue) |
Why I like Clarify Capital
Clarify Capital is a good option if you’re looking to get multiple loan options with a wide range of eligibility criteria. This is because it’s a loan broker, similar to Lendio and Creditfy, that can connect potential borrowers to various lending options through a single application. It also offers low starting rates and flexible qualification requirements for time in business, credit score, and revenue.
It has a network of over 75 lenders, which increases the total number of financing options you could be presented with. While having a large network of lenders can also improve your approval odds, the exact eligibility criteria could vary depending on the lender you’re matched with.
Working with Clarify Capital gives you the ability to choose between secured and unsecured business lines of credit. Unsecured lines of credit tend to be more difficult to get, but you can check out our guide on unsecured business lines of credit for tips on improving your approval odds.
Clarify Capital offers a high level of service, demonstrated by its 5.0 rating on Trustpilot. To learn more, ask questions, or apply, you can visit the Clarify Capital website. Applications can be completed online in under two minutes, and eligible businesses can receive funding in as little as 24 to 48 hours.
1West: Best easy online lending process
 | |
|---|---|
| Rates and Terms | |
| Application time | 5 minutes |
| Approval speed | As fast as 24 hours |
| Funding speed | 48hours |
| Loan amount | $5,000 to $500,000 |
| Starting interest rate | 6% |
| Estimated APR | 6% |
| Repayment term | 3 to 24 months |
| Repayment schedule | Daily, weekly, biweekly, monthly |
| Qualifications | |
| Credit score | 500 |
| Time in business | 3 months |
| Annual business revenue | $120,000 |
Why I like 1West
1West offers a simplified application process that lets you get funded without speaking to a loan officer. This is possible with the use of its Automated Business Lending Engine (ABLE), as it can match you with financing options automatically within its network of over 50 lenders. For these reasons, it made the list as my pick for an easy online lending process.
Like some of the other providers in this guide, such as Clarify Capital, 1West offers both secured and unsecured lines of credit. Each can offer on-demand access to funds, and the credit line can be renewed if you want continued flexibility in drawing more funds.
You can visit the 1West website to submit an application. This can be completed in under five minutes, and you’ll also be able to create an account to upload the required documents and check your application status.
Creditfy: Best for high approval odds and rapid decisions
 | |
|---|---|
| Rates and Terms | |
| Application time | 5 minutes |
| Approval speed | As fast as 24 hours |
| Funding speed | As fast as 24 hours |
| Loan amount | Up to $5 million |
| Starting interest rate | 1.06% per month (average fixed monthly rate) |
| Estimated APR | 12% and up |
| Repayment term | 6 months to 3 years |
| Repayment schedule | Monthly |
| Qualifications | |
| Credit score | Varies |
| Time in business | Not stated |
| Annual business revenue | Not stated |
Why I like Creditfy
Creditfy boasts a high approval rate of 90%, giving you excellent odds of getting financing if you meet the minimum qualification requirements. So, if you have strong creditworthiness and a need for flexible financing, this can be a great pick.
Its small business line of credit can be used for nearly any business expense, and the lender also offers financing to nearly any industry. As a loan broker similar to Lendio, Creditfy has exclusive partnerships with certain providers, something that can help you obtain more competitive rates and terms. It also requires its representatives to have at least two years of industry experience to ensure you get expert guidance throughout the entirety of the lending process.
To apply, you can visit the Creditfy website, where an online application can be completed in under 5 minutes. You’ll then receive communications from a lending advisor to review your options, after which you can receive funds within 24 to 48 hours of getting approved.
SBG Funding: Best for businesses seeking longer repayment terms
 | |
|---|---|
| Rates and Terms | |
| Application time | 10 minutes |
| Approval speed | 24 hours |
| Funding speed | As fast as same-day |
| Loan amount | Up to $1 million |
| Starting interest rate | 1% per month (average fixed monthly rate) |
| Estimated APR | 12% |
| Repayment term | 6 to 48 months |
| Repayment schedule | Weekly, monthly |
| Qualifications | |
| Credit score | 500+ |
| Time in business | 6 months |
| Annual business revenue | $250,000 |
Why I like SBG Funding
I recommend SBG Funding to business owners seeking a lengthy repayment term. Its line of credit page highlights decisions in less than 24 hours and credit lines up to $1 million, which can pair well with longer terms if your business prefers smaller payments.
The provider also has flexible qualification requirements that allow a wide variety of businesses to be considered eligible. It’s important to note that despite its advertised approval rate of 85%, compensating factors will likely be needed if your credit or finances are borderline, even if you meet the minimum qualification requirements.
To apply, you can complete SBG Funding’s online loan application. SBG Funding will initially perform just a soft credit pull to determine your eligibility, which will not impact your credit score.
AdvancePoint Capital: Best for businesses with high gross sales
 | |
|---|---|
| Rates and Terms | |
| Application time | 10 minutes |
| Approval speed | 1 to 3 days |
| Funding speed | As little as 24 hours |
| Loan amount | Up to $5 million |
| Starting interest rate | 1% per month (Fixed average monthly rate) |
| Estimated APR | Varies |
| Repayment term | 12, 18, 24, and 36 months |
| Repayment schedule | Weekly, bimonthly, monthly |
| Qualifications | |
| Credit score | 600 |
| Time in business | 6 months |
| Annual business revenue | $200,000 |
Why I like AdvancePoint Capital
AdvancePoint Capital offers a wide variety of small business financing solutions and makes the list as one of the best small business credit lines if you have high gross sales within your business. This is due to the fact that it places more emphasis on gross sales history rather than profit and loss.
It operates as a funding marketplace and provides access to business lines of credit through its platform, which can help you compare options quickly. As part of its simple application process, it will review your qualifications and business financial statements to get an overview of your financial standing. This process is quick and requires minimal documentation.
It’s also known for its great customer service. In fact, it has an A+ rating with the Better Business Bureau (BBB) and a score of 4.7 on Google reviews. To learn more, you can call the phone number listed on its website or fill out your information and financing needs through its online form to get a quote.
QuickBooks Capital: Best for embedded lending options
 | |
|---|---|
| Rates and Terms | |
| Application time | 5 minutes |
| Approval speed | As fast as same day |
| Funding speed | 24 to 48 hours |
| Loan amount | Up to $100,000 |
| Starting interest rate | 13.49% |
| Estimated APR | Varies |
| Repayment term | Up to 24 months |
| Repayment schedule | Automatic payments based on business performance |
| Qualifications | |
| Credit score | 580 |
| Time in business | 6 months |
| Annual business revenue | $50,000 |
Why I like QuickBooks Capital
QuickBooks Capital stands out for its fully integrated lending experience within the QuickBooks platform. If you already use QuickBooks for accounting, you can apply for financing directly from your dashboard without needing to gather or upload extensive documentation. This makes it one of the most convenient options for existing users.
Rather than relying heavily on traditional underwriting factors, QuickBooks Capital evaluates your business based on real-time financial data from your QuickBooks account. This can make it easier to qualify if you have consistent revenue but may not meet strict credit requirements from other lenders.
Another advantage is its automated repayment structure. Payments are typically tied to your incoming revenue, which can help align repayment with your cash flow. This can be especially useful for businesses with fluctuating income.
To apply, you must have an active QuickBooks Online account. If eligible, you will see a financing offer within your dashboard and can complete the application in just a few minutes.
How to choose the best small business line of credit
The best small business line of credit will vary depending on your company’s specific qualifications, needs, and goals. You should consider the following items, each of which is explained in greater detail in our guide on how to get a small business line of credit:
- Determine why you need a small business line of credit.
- Understand the options available to you based on your business qualifications.
- Check your eligibility against a lender’s requirements.
- Review rates, terms, and features among multiple lenders.
- Choose a lender and then submit a loan application.
Alternatives to small business credit lines
If you determine that a small business credit line isn’t the right fit for your business financing needs or find out that you’re ineligible for this form of financing, there are other options available that can cover short-term expenses. These alternatives include the following:
- Personal loans for business purposes: Consider this if your business credit or finances make it difficult to obtain a business line of credit. Personal loans focus more on your personal credit and finances and can be easier to get. You can also view our recommendations in our guide to the best personal loans for business purposes.
- SBA loans: You’ll typically need to have good credit and strong business finances to qualify for an SBA loan. But if you’re approved, these loans can offer some of the most competitive rates available. I recommend checking out our roundup of the leading SBA lenders for small businesses if you’re interested in getting this type of loan.
- Small business credit cards: Many credit card providers issue revolving credit limits up to $25,000 or more, making it a good option for small and medium-sized purchases. Some issuers also offer a lower introductory rate and a rewards program to reduce the effective cost of your business expenses. See our top-recommended small business credit cards for a place to start.
- Raising money from friends and family: If you need financing outside of a traditional loan, you may be able to approach your friends and family for funds to cover short-term business needs. While you’ll still need to apply an interest rate to comply with tax regulations, this is a less formal way to obtain financing, especially if you don’t meet the qualification requirements of other lenders. Read our article on how to raise funds from friends and family to learn more.
Frequently asked questions (FAQs)
Can a small business get a line of credit?
Yes. Small businesses are eligible for a business line of credit as long as they meet the necessary qualification requirements designated by the lender facilitating the loan. Common requirements lenders look for on an application are credit score, time in business, and annual revenue. The stronger you are in these areas, the better odds you may have of approval.
What is the average line of credit for a small business?
It depends on the needs of the business. Generally speaking, a small business can get a line of credit anywhere from $5,000 to $10 million. This, of course, is dependent on its qualifications and plans on how it will use the funds, but most companies can get a line of credit structured to their specific needs.
What is the best company for a line of credit?
There are numerous business line of credit lenders that can offer financing for a business. The best company will vary depending on the rates, terms, and features you’re looking for as a borrower. It’s important to shop around with a variety of lenders before signing a loan agreement to ensure you get the best deal for your business.
Bottom line
When choosing a small business line of credit, you should first identify which factors matter most to your business, such as rates and terms, flexible qualification requirements, higher funding limits, or longer repayment periods.
Ultimately, the right business line of credit will depend on your specific circumstances and financing needs. The options I selected offer competitive rates, along with a range of loan terms and qualification criteria that may suit a variety of businesses.
