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Business line of credit

A business line of credit lets you draw up to a limit, then pay it down.

What it is

Many lines are revolving credit: if the agreement says so, amounts you repay can be drawn again. People use a business credit line for payroll, inventory, or a short gap between a bill and a customer payment.

What's typically needed

  • Latest three months of business bank statements
  • Time in business
  • A government-issued photo ID
  • Basic business details, such as legal name and industry
  • A list of existing business debts
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Applying has no impact to your credit. Submitting this form does not pull a credit report.

Related: Working capital · Inventory · Payroll · Compare options · All loan types