💳 Save money on credit card processing with one of our top 5 picks for 2025
These lenders offer the best credit lines currently available to businesses of all sizes, from startups to stable and established operations.
WRITTEN & RESEARCHED BY
Editor & Senior Staff Writer
Last updated onUpdated
REVIEWED BY
Expert Contributor
Business lines of credit offer funding on-demand without going through a lengthy application process whenever funds are needed. Businesses that want flexible funding for nearly any business purpose should start their search with our list of the best business lines of credit.
We’ve sought out and evaluated the best credit lines currently available to businesses of all sizes — from startups and incubator businesses to stable and established companies. Keep reading to learn more about the best business lines of credit.
Learn More About Our Top Picks
| Company | Best For | Next StepsBest For |
|---|---|---|
Lendio
 |
|
|
OnDeck
 |
|
|
AdvancePoint Capital
 |
|
|
National Business Capital
 |
|
|
Fundbox
 |
|
|
| Show More Options | ||
Bluevine
 |
|
|
PNC Bank Small Business Loans
 |
|
|
| Show Fewer Options |
Read more below to learn why we chose these options.
Table of Contents [hide][show]
Table of Contents
The best lines of credit have easy application processes, fast approval times, quick funding, and competitive interest rates. We’ve examined the best small business lines of credit and evaluated them according to our criteria. No lender is best for every business, so we’re tailoring our list to fit different business needs.
| Max. Borrowing Amount | APR | Time In Business | FICO | |
|---|---|---|---|---|
| Lendio | $250,000 | Starts at 8% | 6 months | 600 |
| OnDeck | $100,000 | Starts at 29.9% | 12 months | 625 |
| AdvancePoint Capital | $500,000 | Simple interest avg. 1% per month | Varies by lender | Varies by lender |
| National Business Capital | $10 million | Starts at 5% | 1 year | 580 |
| Fundbox | $150,000 | Starts at 4.66% | 3 months | 600 |
| Bluevine | $250,000 | Starts at 7.8% | 2 years | 625 |
| PNC Bank Small Business Loans | $3 million | Based on Prime Rate | Not disclosed | Not disclosed |
Pros
Cons
Lendio isn’t a direct lender. Instead, it’s a loan marketplace that connects small business owners with funding through its 75 lending partners. Because Lendio works with multiple lenders, it may be possible for businesses to qualify for a line of credit that couldn’t find funding elsewhere. This means that borrowers with credit challenges, newer businesses, and other businesses that face barriers to funding may find what they need through Lendio’s lending network.
With just one application, you can receive multiple offers to compare. In addition to lines of credit, Lendio’s network also provides access to short- and long-term funding options, from merchant cash advances to SBA loans.
Pros
Cons
OnDeck has pretty lenient requirements for its lines of credit, making it an option for borrowers that may not qualify for funding through a bank. Businesses without a business credit score can also use this line of credit to get started, as OnDeck reports to business credit bureaus.
OnDeck offers fast funding that’s available 24/7, even on weekends and holidays. There are no draw fees, the application process takes just a few minutes, and once approved, you can begin initiating draws against your line of credit immediately.
Pros
Cons
Like Lendio, AdvancePoint Capital is a lending marketplace, so it works with a network of lenders to offer a variety of business funding solutions, including business lines of credit. Through AdvancePoint's network, you can score a line of credit up to $500,000. The application process is fast and easy, customer service is great, and you may even be able to get funded in as little as 24 hours.
In addition to lines of credit, you can also qualify for other types of financing with a single application. AdvancePoint connects borrowers to all types of funding, from short-term loans and merchant cash advances to long-term loans and SBA funding.
Get Started With AdvancePoint Capital
Pros
Cons
Similar to Lendio, National Business Capital is a loan aggregator that makes it easy for all types and sizes of businesses to find the funding they need. Through this service, you can connect with numerous lenders that offer business lines of credit.
With lines up to $10 million, National Business Capital is ideal for businesses that need larger amounts of capital. Funding is quick, with many businesses getting funded in 24 to 48 hours. Interest rates are competitive, although newer businesses, borrowers with lower credit scores, businesses with a lack of collateral, and businesses with lower annual revenues may receive rates as high as 60%.
Get Started With National Business Capital
Pros
Cons
Fundbox is a great choice for businesses that want fast funding, as lines of credit can be approved in less than five minutes. Once approved, you can have money in your account as quickly as the next business day.
Fundbox is particularly a great choice for startups and business owners with lower credit scores, as eligibility requirements are far lower than bank requirements. While it does have shorter repayment terms and a weekly payment schedule, Fundbox is a solid choice for businesses that need fast access to up to $150,000 and don’t meet the requirements of traditional lenders.
Pros
Cons
If you need fast funding, look no further than Bluevine. The Bluevine line of credit application process takes just minutes, and you can be approved instantly. Once approved, you can begin making draws immediately and receive funds in your account in a matter of hours (for an additional fee).
Bluevine has less stringent requirements than traditional lenders, providing lines of credit to business owners with scores as low as 625. However, it does have high monthly revenue requirements, and funding is only available to businesses that have been in operation for at least 2 years. Still, businesses that meet these requirements will appreciate the easy application process, fast funding, and competitive fixed rates.
PNC Bank Small Business Loans |
|---|
Pros
Cons
The other lenders on this list are alternative lenders that specialize in fast funding and lower borrowing requirements. However, it’s worth pointing out that traditional banks still generally offer the best rates and terms in the market to businesses that meet their more stringent qualifications. One such bank is PNC Bank.
PNC Bank offers secured and unsecured business lines of credit that come with competitive interest rates. If approved, you’ll have a seven-year revolving credit period, making it a great long-term “rainy day” fund.
Get Started With PNC Bank Small Business Loans
We spend hours researching and evaluating each business loan and funding product that we review at Merchant Maverick, placing special emphasis on key characteristics to generate our ratings.
When rating lenders and funding providers, we use a 31-point rubric that looks at rates and fees, services, eligibility requirements, application, sales and advertising transparency, customer service, and user reviews. We weigh each section differently to calculate the total star rating. This rubric is applied to traditional term loans, as well as short-term loans, start-up loans, lines of credit, online lending products, merchant cash advances, and equipment financing products.
Each section is further broken down into granular, weighted subsections, in which we examine specific attributes like terms lengths, conditions of repayment, credit score and revenue requirements, ease of application, length of time to funding, the ethics involved in promoting the lending product, customer support, and the overall reputation of the lender or funding provider.
Read more about how we rate small business lenders.
The biggest advantage offered by business lines of credit is flexibility. It allows businesses to draw as often as needed (within credit limits) to fund both anticipated and unanticipated expenses quickly. Few other financial products give borrowers that much control over their borrowing.
Business lines of credit can be used for any number of working capital expenses, from repairs to expansions. Check with your lender to see what available types of uses you have for your line of credit.
You won’t find too many other types of lending that allow such flexibility other than credit cards, which are a form of revolving credit. So why wouldn’t you just use a credit card? This chart breaks down some of the differences.
| Type Of Financing | Attributes |
|---|---|
| Lines Of Credit | Generally have lower interest rates than credit cards, can be used to draw cash into your account without additional expense, provides working capital, and draws generally aren’t available at POS/online checkout (with some exceptions) |
| Credit Cards | Have interest-free grace periods, are designed primarily to be used at retail POS/online checkout, frequently have rewards programs, and generally have lower credit limits (with some exceptions) |
If you don’t yet qualify, a business credit card fulfills many of the same needs as a credit line. With a business credit card, you will have immediate access to an additional source of funds and can defer payments to a more convenient time.
Additionally, business credit cards offer grace periods, signup bonuses, and savings via rewards, which are not provided by business lines of credit. Just be aware that credit cards typically have higher interest rates than lines of credit. Check out our favorite business credit cards to learn about the cards that might be right for your business.
When searching for the best line of credit for your business, make sure to keep cost, repayment terms and frequency, borrower requirements, and the reputation of the lender in mind before you make your choice.
Between the options above, most business owners will be able to find financing to suit their needs. All these lines of credit have relatively quick and easy applications and will ensure that you have the capital you need to weather rough patches or grow your business. If you want to explore even more LOC options, visit our in-depth line of credit reviews.
One last thing to note is that many banks and credit unions offer lines of credit. When it comes to business financing, a traditional bank or credit union generally provides the best rates and fees. On the other hand, this kind of financing is usually difficult to qualify for. However, if you have good credit and a stable business generating consistent revenue, you might have a chance at qualifying. Learn more about the best banks for small business loans before you start the application process.
Want to help shape the future of the Merchant Maverick website? Join our testing and survey community!
By providing feedback on how we can improve, you can earn gift cards and get early access to new features.
Our expert reviewers found BusinessLoans.com to have a quick and easy application process alongside excellent support and guidance for borrowers.
Start A Quick Application
Help us to improve by providing some feedback on your experience today.
The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
Our expert reviewers found BusinessLoans.com to have a quick and easy application process alongside excellent support and guidance for borrowers.
Start A Quick Application
