Business Line of Credit
The safety net you need, the flexibility you want.
Let’s get started.
Loan Amount
$10k – $500k
Loan Term
1-2 Year Maturity
Interest Rate
As low as 8-24%
Time to Funds
As soon as 1-2 Weeks
Borrow. Repay. Repeat.
Funds available on demand
Draw the funds you need with the click of a button.
Access to a revolving line
Your credit line replenishes as you make repayments..
Only pay for what you use
No account opening, maintenance, or prepayment fees.
Financing that grows with you
Build business credit and access more funds as you grow with positive repayment history.
The Spring Holdings Advantage
- Instant Funding: Get money in your account within seconds every time you make a withdrawal—24/7, even on nights and weekends.*
- A consolidated payment for all withdrawals: Make one weekly payment on all withdrawals, avoiding the headache of multiple payment schedules.
- Business credit building: Help build your business’s credit by making on-time payments, which we report to the credit bureau.
- Access more funds automatically: Receive automatic credit limit increases when we review your credit profile and determine if you qualify. We do this on an ongoing basis, so the opportunity is often there.
- Only pay for what you borrow: Withdraw what you need, when you need it. And pay interest just on the financing you use.
- Transparent pricing: With our transparent pricing, you get a comprehensive breakdown of your line of credit’s cost—including all the key terms you need to evaluate potential offers.
- Revolving credit: Apply once and funds replenish when you pay them back, so long as you make timely payments.
- No prepayment penalties: Get more flexibility by paying off your line of credit anytime you’d like, with no penalty or fee.
Ways to use a business line of credit
Unlike a term loan, a business line of credit allows you to run your business without having to apply for a new loan every time you need a bit of extra cash. And with ongoing access to working capital, you can plan for and better manage your business’s future cash flow with less stress. Your line of credit can give you the boost you need to take advantage of opportunities when they arise.
One of the main benefits to having a business a line of credit is that it’s revolving. That means you can access the credit line when you need it, pay down the balance, and use the line again as funds replenish. There are many ways you can use business lines of credit. Here are some popular reasons why other small business owners use credit lines.
Top ways to use a line of credit
- Reopening your business
- Bridging cash flow gaps
- Covering payroll
- Hiring more employees
Get more with Spring Holdings
Save on fees
You won’t pay monthly fees or prepayment penalties.
Quick decision
Get a credit decision in just a few minutes.
Flexible funds
Draw as little or as much as you need from your available credit.
Ready to Apply?
Submit your application in just a few minutes.