Estimated Credit Line Term Flexible
Rates 5% to 10%*
Time in Business Required 6 Months
Min Credit Score Require 650
Min Monthly Deposits Required 5
Min Monthly Revenues $10,000
Min Credit Line Amount $5,000
Max Credit Line Amount $250,000
Max Number of Negative Days None
*rates depend on duration of funding


What is a Business Line of Credit?

A business line of credit offers business owners financial security by providing access to funds for any type of business expense. You can draw on the line of your credit up to your approval amount in just a few clicks and your line of credit replenishes when you make payments. There are zero prepayment fees, and there are no costs to maintain your credit line. You can stop using the credit line at anytime if all outstanding funds are paid back. This type of funding is for clients with fairly strong credit that require immediate access to capital and cannot meet the requirements of bank financing or do not have the time to go through the red tape of traditional financing.

The credit requirements are high so this program is not ideal for business owners looking for business funding with bad credit. A credit line is a great way to have the security of business financing without the costs of holding unnecessary funding but it does require a good credit history.

What Do I Need to Qualify?

Below is a list of the general requirements needed to get approved. Although in some cases there are many additional factors that may be considered, meeting these three requirements gives you a very high chance of having your application approved.

  • At Least 6 Months in Business
  • 650+ Min. Credit Score
  • $10,000 Min. Monthly Revenue

How Do I Apply?

Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at (888) 882-6117
Submit your online application by clicking apply below and entering a few basic details about your business.


What Will Unsecured Financing Cost You?

The cost of a business line of credit depends on the rate received and the money you draw and have outstanding. To calculate the rate we use simple interest that is calculated with total repayments over a twenty six week period. Use the calculator below with weekly payments to give you an example of total cost scenarios for accessing your credit line for a specific period of time.

Business Line of Credit Calculator

  • Daily
  • Weekly
  • Monthly
FACTOR RATE (written as a % to keep things simple)
Total Repayment
Cost of Loan
Total Repayment

What Documents are Needed to Apply?

Documents Required for Less Than $100,000

  • Drivers License
  • Bank Statements
  • Proof of Ownership
  • Property Lease Agreement
  • Business Licenses
  • Voided Check

Additional Documents for Credit Lines More Than $100,000

  • Personal Tax Returns
  • Business Tax Returns
  • Profit & Loss Statement
  • Balance Sheet
  • Business Debt Schedule (possible)
  • Potential for Others

Keep Your Information Private. Apply Directly to One Source.

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How Does a Business Line of Credit Work?

A credit line is a fast financing solution where a small business owner is approved for a specific amount of money that can be accessed in part or all of it depending on the business owners financial needs. The principal plus any fees will be paid back through weekly debits from the business owner’s bank account. As you make payments your line of credit is replenished for the principal paid back. As an example, if you have a $200 payment, $180 might be the payment that week for your principal and $20 would be for fees.

Why Would a Lender Take All the Risk?

There are a couple of reasons lenders are willing to offer business lines of credit. First, this type of business funding is not unsecured. Although you are not required to put up collateral, the funds are secured by a lien on the assets of the business as well as a personal guarantee by the business owner. The combination of a personal guarantee and a lien on the business assets, as well as the fees received gives lenders the incentive to assume the risk of default.

Is a Business Line of Credit Right For You?

A business line of credit is a good option if you require access to immediate business capital for your business and you do not have collateral, and you do not meet bank funding requirements or just do not want to go through the lengthy and stringent conventional process. This type of financing is also for business owners that want a credit line available when they need access to capital but do not want to take the full amount of money upfront and pay fees on that amount, just specific amounts needed at times that those additional funds are required. A business line of credit provides a financial cushion for the various times throughout business cycles when additional capital is required.

Advantages vs. Disadvantages


  • No Collateral Required
  • Only 6 Months in Business Required
  • Less Documentation Than Bank Loans
  • Reasonable Credit Requirements
  • Quick Financing Turnaround


  • Higher Payments Compared to Bank Credit
  • Personal Guarantee Required
  • No Monthly Payment Options
  • Minimum Revenue Requirements
  • No Bad Credit Options

Common Uses for a Business Line of Credit

Having a line of credit allows business owners the security they need to operate their business without the weight of paying back more money than necessary. Below you will find some of the ways small business owners utilize their credit line.

Cash Flow Issues

There are many small businesses that have customers that only pay a portion of a product or service’s cost upfront and take the rest on credit. During the early stages of growth in a business it is easy to take on a lot of customers in an attempt to build a client base. This type of strategy puts the initial burden of the debt on the business owners. Having a line of credit allows an owner the flexibility to take the funds that they need based on how customers pay their debts to the business.

Inventory Management

Managing inventory is one of the most difficult tasks for any business owner. Whether you should buy more or less for a particular product at any given time is almost impossible to guess exactly so the most common action is to purchase more inventory than needed. The last thing you want as a business owner is a customer willing to make a purchase without the product for that customer. The purchase of additional inventory of one product can leave the inventory of another product short. Having a credit line allows owners the flexibility to purchase inventory when needed.

Payroll Expenses

Just like inventory, it can often be difficult to gauge what a weekly payroll will be. Having a credit line available takes all the worry out of paying employees. Any time you have a big payroll week you can access additional capital and just repay it in the later weeks when cash flow increases.

Operating Expenses

When operating a business there are myriad expenses that can arise and for most early stage business owners it is impossible to be prepared for every cost. Knowing that there is a financial cushion for any unforeseen costs allows business owners to operate their business more efficiently and with confidence, factors critical for success.

Business Line of Credit FAQ’s

Why Choose Shield Funding

  • No Collateral Required on Lines of Credit
  • Always Competitive Rates and Terms
  • Flexible Repayment Options
  • No Hidden Fees
  • Fair Credit Options Available
  • Funds Deposited to Your Bank Quickly

Check Out Reviews on Our Company

Business Line of Credit Review

  • No Collateral Required
  • Very Competitive Rates
  • Weekly Payment Option
  • Quick Funding Turnaround
  • Draw Funds Only When Needed
  • Pay Only for Funds Transferred
  • Great for Managing Business Financial Operations