MERCHANT GROWTH PRODUCT

Business Line of Credit

Have the convenience of being able to access cash when your small business needs it!
Financing amount available

$7.5K-$125K

Get funded in as fast as

24hrs

Artboard 115@2x

Convenient

Filling out the application only takes 5 minutes

Artboard 115 copy@2x

Flexible

Merchant Growth products fit the needs of e-commerce businesses

Artboard 115 copy 2@2x

Fast

Once approved, get your funds in as little as 24 hours

What is a Business Line of Credit?

A business line of credit is a revolving credit facility that allows business owners to borrow money with repayment terms that are flexible, and with business owners only paying interest only on the amount they have borrowed. Business lines of credit can be an attractive financing option for small businesses because they offer the potential for lower interest rates and more flexible repayment terms. Also, they can be an invaluable source of funding for businesses that need quick access to cash or have irregular business cash flow.

How Does a Credit Line Work?

The line of credit gives small businesses the freedom to access capital when they need it, repay it when they want to, and borrow again.

Unlike a business credit card or loans, a line of credit is a financing option that offers favorable interest rates and you only pay interest on what you withdraw, so minimum monthly payments can be easily handled in stride.

What Can You Use Your Line of Credit for?

Providing flexible access to cash with a lower initial commitment than a business loan, business lines of credit are a valuable tool for clients who want access to capital without the hindrance of business loans or business credit cards with high interest rates. 

Credit lines are a good auxiliary product for a business owner who already uses our Fixed financing product. With access to revolving credit, small business owners use their available funds to respond to virtually any business expense, ranging from lump sum payments for inventory purchases to additional working capital for unexpected business expenses, new equipment and much more!

Small business funding minimum requirements

Merchant Growth offers small business funding options with minimum eligibility and credit approval requirements:

Location

Canada

Monthly Revenue

$10K

Time in Business

6 months

How does it work?

STEP 1

Complete Application

Take 5 minutes to provide a few pieces of information — online or on the phone, it’s your choice.

STEP 2

Review Options

Your dedicated financing advisor will reach out and work with you to determine the best solution.

STEP 3

Get Your Funds

Receive your funds into your business bank account in as fast as 24 hours.

Apply For A Business Line of Credit Online

Complete our online application and we’ll contact you to present financing options tailored to your business needs.