Business line of credit

A credit line that flexes with your cash flow.

Draw funds as you need them. Suits a business that pays wages, buys stock or waits on invoices in cycles.

You don’t pay to compare.

No credit file impact · No cost to compare · No obligation

Business line of credit at a glance

Amount: $10,000 to $500,000
Term: Revolving, typically 12 to 36 months
Security: Unsecured to $250k, on a director’s guarantee
Time to funds: Varies by lender
How you pay: Interest only on funds drawn, not the full limit

Indicative, and subject to lender assessment. Your options are typically ready within 24 hours of receiving your documents.

Is it right for you?

When a line of credit fits, and when it doesn’t.

Often fits

Cash flow that runs in cycles: wages, stock, waiting on invoices
You need funds on and off, not one lump sum
You want to pay interest only on what you draw
A buffer you can redraw within your limit

Usually not

A one-off lump sum, where a term loan’s fixed repayments may suit
Equipment you want to own, where a chattel mortgage may fit

Business funding, compared on real data, in three steps.

How It Works

Compared

Trade Funding or a bank overdraft?

Trade Funding or a bank overdraft
	Trade Funding	A bank overdraft
Time to options	Options typically within 24 hours of receiving your documents	Set by one bank’s own process
Security	Unsecured options to $250k	Often requires security
Lender access	Panel of 70+ lenders compared	Single lender only

What it costs

How you pay, and what it costs.

Interest: Charged only on the funds you draw, not the full limit
Rate: Shown for each option in your report, with the APR beside it
Fees: Any fee that applies to an option is in your report before you choose

Who qualifies

What lenders look for.

Typical criteria, and subject to lender assessment.

Limit: Typically set at around two times your average monthly revenue
Assessed on: Your revenue, trading history and credit profile
Unsecured: Typically up to $250k, on a director’s guarantee
Larger limits: Banks may go higher against property security

Interest calculator

See what drawing on your limit actually costs.

Unlike a term loan, you pay interest only on your drawdown: the funds you actually take out. Move the slider to see the indicative monthly and annual cost of carrying a balance.

Rates shown are simple p.a.; your report shows the APR.
Results are approximate and exclude lender fees. Not an offer of credit.

Drawn balance$150,000

$10k$500k

Interest-only repayment: $1,750/mo
Indicative annual cost: $21,000

Illustrative only, based on a 14% p.a. indicative rate. Your Compare Report shows the exact rate and limit each lender offers your business.

Questions about lines of credit.

How much can I borrow on a line of credit?

Credit limits typically range from $10,000 to $500,000 depending on your business revenue, trading history, and credit profile. Fintech lenders generally offer $10k to $250k unsecured, while banks may extend higher limits against property security.

How is a line of credit different from a charge card?

A line of credit transfers cash to your bank account for any business purpose, including payroll, rent, and supplier payments. A charge card is a payment instrument for purchases only, and must typically be paid in full each month.

Do I pay interest on the full limit or only what I draw?

Only on what you draw. If you have a $150,000 limit but only draw $40,000, interest is charged on the $40,000 balance, not the full facility.

Can my limit reduce if my cash flow drops?

Some lenders review limits periodically and may reduce them if trading performance weakens.

How do we get paid?

Comparing costs you nothing. Not comparing can cost you plenty.

The headline rate rarely tells the whole story. Fees, charges and loan terms can add far more to what you repay. That’s why your Compare Report shows every cost we can identify side by side.

In most cases, the lender pays us, and only if you decide to proceed with their product offer. For more complex deals, or where the lender pays us little or nothing, we may charge a fee for our service. It doesn’t happen often, but when it does, it’s shown on your Compare Report and we’ll walk you through it before you decide.

No obligation to proceed, ever.

How We’re Paid →

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