10 Business Lines of Credit You Can Get Right Now

10 Business Lines of Credit You Can Get Right Now

Did you know that you can get a business line of credit with no income documentation, credit issues, a startup business, no collateral, and previous credit denials? With SBA lines of credit, you can get low-interest rates with great terms through multiple different options. Most entrepreneurs are unaware of these methods; however, you may qualify for these options right now.
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The Three C’s Cash Acquisition Formula

Before you can obtain a business line of credit, you first need to understand the three C’s cash acquisition formula. There are three main things that lenders and credit issuers look at to determine if your business qualifies for a loan or line of credit. These three qualifiers include cash flow, credit, and collateral. The great thing about this formula is that most loans like SBA require that you have all three factors in good standing. However, there are many alternative lending options available that don’t require having all three C’s to qualify for approval. Even if your business has none of these strengths, it is still possible to gain a business line of credit.

Business Lines of Credit for Businesses with Good Personal Credit

Credit Line Hybrid

With Credit Line Hybrid, you can get approved for as much as $150,000 in financing with 0% rates for up to 18 months. You are also able to pull the cash out of these lines of credit at 0%. This has never been done before on any other program than Credit Line Hybrid. You can get approved for Credit Line Hybrid as a startup business with no doc, no tax returns, and no collateral. The only qualification required for approval is a well-established business credit profile with a FICO score of 680 or higher. Alternatively, you can get a personal guarantor for approval. For example, a friend or family member can act as a private investor if they are willing for you to use their credit for qualification. Many lines of credit through the credit line hybrid program report to the business credit reporting agencies. Even if you use someone else’s credit, you can still build your business credit. The only time a private investor can get hurt is if you were to default on that line of credit. Credit Line Hybrid is the best way to get the most money for your business, especially if you are a startup and want no documentation financing.
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Business Lines of Credit for Businesses with Good Cash Flow

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Fundbox & BlueVine

With these lines of credit, you can get approved for $100,000 to $150,000 in funding. Fundbox and BlueVine are not based on personal credit. BlueVine has a 620 minimum FICO score requirement while Fundbox has no minimum FICO score requirement. They give you 6 to 12 months to pay back the money, and you will pay as little as a half percent of interest for every week the money is outstanding. If you are borrowing the money for a longer period, it can be a little more expensive than a short period. Both lines of credit use artificial intelligence to underwrite your application, so you don’t have to supply all that burdensome documentation you do with so many other business lines of credit. These lines of credit plug right into your bank account and do the underwriting there. Depending on how much you are processing every month in your bank account, and how much you manage the bank account, will determine how much you get approved for.

Merchant Line of Credit

Merchant lines of credit are not based on personal credit. You can get approved for as much as $100,000 based on what you are processing through your merchant accounts every month. With this line of credit, if you are processing $100,000 a month now in your merchant accounts, you can get approved for as much as $100,000. Merchant lines of credit report to Experian Commercial and it requires no personal guarantee. All you need to do is get approved have consistent merchant account transactions. If you meet this basic requirement, there is a very good chance you will get approved.


Amazon has lines of credit through programs such as Marcus, Bank of America, and corporate credit cards. These do not require a personal guarantee or a personal credit check. If you are selling on Amazon, you want to look in Amazon seller central because these have three great funding options, including a great line of credit, a great credit card, and a loan.

Business Lines of Credit for Businesses with Good Collateral

401K Financing

With 401K financing, you can borrow as much as 100% of the value of your 401K if your 401K is worth $25,000 or more. This is one of the most popular programs for partners that are starting a business together. There are no tax penalties because it is based on IRS-proven strategies. You can get a low interest 5% business line of credit, leveraging your 401K as collateral.
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Securities Financing

If you don’t have a 401K or IRA, but you have stocks or bonds, you should consider securities financing. With securities financing, you can get a 5% interest credit line borrowing against your stocks and bonds. Securities financing allows you to still earn interest on your stocks and bonds. You are still earning interest like normal, but you are leveraging those as collateral to get a low-interest rate business line of credit. You can borrow as much as 90% of the value of your stocks and bonds. Even if you don’t have a 401K, IRA stocks, or bonds, you can still tap into someone else’s and use theirs as collateral to get your business financing.

Inventory Financing

With inventory financing, you can get a line of credit for as much as 50% of the value of your inventory. Many business owners put a lot of their money into inventory and don’t have cash on hand when they need it. With this program, you can leverage your credit or inventory to get a credit line, or you can use a credit line to get the credit you need, and then the collateral is the inventory itself. You can borrow as much as 50% of the value of that inventory as long as you have $500,000 in inventory or more.
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Business Lines of Credit for Businesses with All Three C’s

If your business happens to have good personal credit, collateral, and cash flow, that’s when you want to apply for an SBA CAPline. SBA CAPline is a 7a program that you can use for multiple different purposes. There are four different types of programs that you can use for multiple different purposes, including seasonal businesses, contractors, builders, and working capital. With working capital, you can get up to $5 million with a low-interest rate for general business purposes, whether it be for cash flow, marketing, or expansion. SBA CAPlines is one of the highest limit lowest interest rate credit lines.
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