A business line of credit or a business credit line is a flexible financing option that gives businesses access to a predetermined amount of money that can be used for any business-related expenses. Unlike a traditional loan, a business line of credit allows you to draw funds as needed, only paying interest on the amount used. Cardiff’s small business line of credit provides this flexibility and financial safety net to help businesses grow and thrive.

Obtaining a small business line of credit depends on several factors, including your credit score, business history, and revenue. At Cardiff, we strive to make the process as easy as possible, offering competitive business line of credit requirements and a quick application process.

The business line of credit requirements at Cardiff include a personal FICO credit score of at least 600, an operational business for 12+ months, no bankruptcies in the past 3 years, and $20,000 in monthly revenue. For the best business line of credit approval odds, your business should be in good standing with your Secretary of State and be incorporated in the United States.

Connecting your business checking account with Plaid™ allows us, as one of the top equipment finance companies, to streamline the application and verification process. It enables us to securely and quickly verify your business’s financial information, saving you time and effort. This connection ensures a seamless experience, allowing us to assess your eligibility and provide you with financing options efficiently.

For Cardiff’s business credit line or unsecured business line of credit, your business should have a monthly revenue of at least $20,000. This requirement ensures that your business has the necessary cash flow to manage the repayments of the line of credit for business.

At Cardiff, we understand the importance of maintaining a strong credit score. That’s why there are no hard credit pulls, meaning no impact on your personal credit score, in our approval process for a small business line of credit. With Cardiff’s business credit line, you can have peace of mind knowing that your personal credit score will not be affected during the application process.

At Cardiff, we value your time. Our best small business line of credit application process is designed for speed and efficiency, potentially providing a decision in as little as five minutes. Once approved, you can request funds from your business lines of credit and they could be in your account within hours. This swift approval process and competitive interest rates on business lines of credit make Cardiff a top choice for businesses.

To apply for a line of credit for business or business credit line with Cardiff, complete our online application form. We’ll ask for some basic information about you and your business. Our quick decision-making process means you could have a decision in as little as five minutes.

Ensure you meet these minimum business line of credit requirements:

• Operating for 12+ months
• Incorporated as a Corporation or LLC in the United States
• $20,000 in monthly revenue
• 600+ credit score
• Active bank connection (Plaid™) or statements from the last 3 months

A small business line of credit or business credit line functions as a financial cushion your company can lean on when necessary. With Cardiff’s business line of credit, you only pay for what you use, and your available credit line replenishes as you make repayments on your draws.

A business line of credit provides your business with greater flexibility, enabling growth opportunities and providing stability in case of unexpected expenses or seasonal fluctuations in revenue. You can use the funds to purchase more inventory or operations equipment, fund a new marketing campaign, open a new office or location, or support a new product launch.

To qualify for a Cardiff Line of Credit, you must have a personal credit score of at least 600.

Yes, you can apply for a Cardiff business Line of Credit as a corporation or LLC.

Once your small business line of credit is approved and you draw funds, they could be in your account within hours. We strive to provide the best business line of credit options, making it faster and easier for you to manage your finances effectively.