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Business Line of Credit

Business lines of credit are flexible. Draw and repay funds as you wish as long as you stay within the bounds of your limit. Very much like a credit card.

A maximum advance amount of $10,000 to $1,000,000.
Loaning terms from 6 months to 5 years.
Interest rates at 4% – 21%.
Funding comes within one day.
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Business Line of Credit

Our Easy Process

Three easy steps to get started


Fill out our form to start the qualification process.


One of our agents will review your application and get you the best rate available.


Receive working capital for your business and 10,000 award miles.

How Do I Qualify For A Business Line Of Credit?

Newer and less-established businesses can qualify for short-term lines of credit, and medium-term lines of credit are for businesses with high credits and stable financial history.

A business line of credit is a convenient source of capital and much more affordable for businesses medium and small. 47% of small businesses have a line of credit, and 28% are relying on borrowed funds regularly. Lines of credit are ideal for preparing for unexpected charges, but not for huge capital investments.

Most businesses who received approval had:

A credit score of at least 630
An annual revenue of over $180,000
Been in operation for over 12 months

Applying for a Business Line of Credit

Working caApplying for a business line of credit is fairly simple, and is perfectly doable via the internet. Moreover, the possibility of acquiring approval within the same day is good.

Some documents we require include:

Driver’s License
Bank Statements
Voided Business Check

Ready to get the funding your business needs?

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Business Line of Credit Second Image

The Basics of Business Line of Credit

A business line of credit offers the flexibility that a traditional business loan can't.

A line of credit lets you borrow up to a specific limit -- $200,000, for example -- and pay interest only on the portion of the money you've borrowed.

We, at Merchant ReFi, take pride in our diverse marketplace. We are all about helping all sorts of business owners fund their own business. We can help you find flexible funding in the form of a business line of credit.

Business Line Credit Fundamentals

Simply speaking, a business line of credit works like your credit card. The bank or the lender gives you access to a specific amount of money defined by the credit limit. You can then keep on repaying or reusing the finance as often as you like, as long as you make payments in due time and avoid exceeding your limit. A business credit line can come secured, requiring collateral, and unsecured when credit limits are lower.

Line of credit facilitators makes it a point to review a company’s financial history before approving. Some may also require substantial proof of revenue. Collateral is sometimes required if your business needs an extensive line of credit.

A business line of credit is a revolving line that is mostly used as a short term working capital that helps finance your unexpected expenses.

Differences Between Different Lines of Credit & Term Loans

Is a business line of credit different from a traditional term loan?

Business lines of credit come at lower interest rates and closing costs than a traditional term loan of a similar size. Also, traditional term loans have regular interest rates over a loan’s life — one of the biggest differences between a business line of credit and a term loan.

In essence, a term loan is better when you’re making business investments or specific purchases. On the other hand, a business credit line works better if you’re running into cash flow issues. But that doesn’t mean you can’t make use of lines of credit for investments, too.

Advantages of a Business Line of Credit

A business line of credit has several features that make it ideal for some business owners as a source of funds. Important benefits you can have by availing a line of credit include:

  • Only pay for what you use: pay interest on the amount that you use.
  • Steady cash flow during slow seasons: the ideal tool for evening out cash flow during slow income days.
  • Building business credit: builds a business credit history.
  • Better business adaptability: take advantage of opportunities even with a limited window.

Should You Consider a Business Line of Credit

As mentioned before, a business line of credit is used the same way as a family’s credit card would be; for unexpected expenses and in cases of emergency.

You should consider a business credit line as a/an:

  • Short-term working capital
  • Safety against unexpected costs
  • Way of availing unique purchasing opportunities
  • Way to offer trade credit to customers

How Much Will A Business Line Of Credit Cost?

The basics of business lines of credit are straightforward: you take, you pay. As previously mentioned, you only pay interest on the amount of cash you draw in a line of credit.

And this is how you calculate the real cost of a business credit line.

Business Lines of Credit & Their Cost Examples

Let’s imagine a scenario where you’re waiting to receive payment from your customers. So, you calculate that having the financial support of, let’s say $30,000, would keep this from happening in the future.

So, you resolve to reach out to a professional business line of the credit provider to borrow $30,000.

You owe $3,000, so you pull that exact amount out of your line of credit.

Remember that even though you have $30,000 in business credit lines, you only need to pay back $3,000 that you took, plus any interest rates. Also, these interest rates only come out of the $3,000 that you borrowed, and not the full $30,000 you can freely access.

For instance, your interest rate is 7%, you’ll only have to pay back $3,210 (that’s the $3,000 plus the $210 in interest).

And after you pay that off, you can continue drawing more money as you need, up to the $30,000 maximum amount.

Will the Cost be Worth it?

A business line of credit is advisable for a business that needs fast access to cash. They also tend to be ideal for loaning credit line amounts of $10,000 to $100,000. As long as you don’t exceed the limit, you’ll be fine.

Just be mindful enough to sort through your options thoroughly before determining that a line of credit is the right financing option for you.

What’s In It For You

Your small or even medium-sized business has financial obligations. We recognize that and our merchant advance can help! You can use your advance for anything related to your business — such as real estate, taxes, payroll, and more — and you can get it as soon as you’re approved. Our merchant cash advance company also doesn’t require you to put down any collateral, making the process easier and less stressful for you. Looking for an increase in working capital? Welcome to Merchant ReFi.

On top of that, you also qualify to receive United MileagePlus® award miles. You’ll receive your bonus miles 30 days after funding for $20,000 or more if your account is in good standing. Whether you’re taking a business trip or jetting off on a family trip is up to you — we’re just here to help make it possible.

Merchant ReFi

Not sure how to find working capital? Merchant ReFi is the answer. Get merchant finance as soon as you’re approved — which is often the same day you apply — and repay your merchant advance easily through small percentages taken out of your company’s credit card transactions or through a fixed ACH debited to your bank account. We’re business lenders who are here to help your business succeed, and you get United MileagePlus® award miles while you’re at it.


Earn 10,000 United MileagePlus® bonus award miles!

What Our Happy Customers Have Been Saying

These guys are one of the most trustworthy and honest people in the industry. They actually want to help your business. Definitely worth your time.

Stefano DamianiBusiness Owner

Great customer success team. They took the time to understand our needs and found a program that would fit exactly. Also coached us through the process patiently ensuring that we understood everything.

Shah AshishBusiness Owner

Merchant Refi gave me the small Business loan that I needed to jump start a new project and I am very happy with how easy it is to work with them. Jack and his Team are Good-People, the transactions are smooth, and they actually care about the success of my projects.

Daniel RubensteinBusiness Owner

Merchant ReFi is the only direct funder to offer bonus United MilagePlus award miles along with fast working capital.

Get an advance and earn 10,000 United MilagePlus bonus award miles.