Business line of credit
Draw what you need, when you need it
A business line of credit gives you a pool of capital you can draw against, repay and draw again. Use it to manage cash flow, buy inventory or cover an unexpected cost — and only pay for what you actually use.
What is a business line of credit?
A business line of credit is a revolving credit facility: you are approved for a maximum amount, draw against it as you need cash, repay, and draw again — and you only pay for what you actually use, not the full limit. RAN Funding offers business lines of credit from $10,000 to $2,000,000, with interest from 1% per month, terms of 12 to 36 months, and funding in 48 to 72 hours. Qualifying needs at least 1 year in business, $250,000+ in annual revenue and a 650+ credit score.
More flexibility than a fixed loan
Enjoy more flexibility than ever before with a business line of credit. Whether you need to manage your cash flow, purchase more inventory, or cover an unexpected cost, a line of credit may be the best solution.
Once you meet with our team, we ask some basic questions about your finances and your long-term goals. From there we take documentation covering your personal and business tax returns, bank account information and business financial statements. The goal is access to the funds you need, with repayment that stays simple and affordable.
What to have ready before you apply
Documents required
- Tax returns
- Profit and loss statement
- Credit card processing statements
- Business voided check
- Driver’s license
Qualifications
- Time in business: 1 year+
- Annual revenue: $200k+
- Credit score: 650+
Ready to see your options?
No obligation and no credit pull to apply. A funding specialist will come back to you with the offers you qualify for.
Draw what you need, when you need it
A line of credit suits businesses whose cash needs come and go — stock ahead of a season, a slow month, an unexpected repair. You draw against an approved limit, pay for what you use, and the line is there again once it is repaid.
- From $10,000. Every product we place starts at ten thousand dollars.
- Three months of statements. Your last three business bank statements to start; some states require four.
- One specialist. The same person from application to funding — paid by the funder, not by you.
Not quite right? Compare the alternatives
One application puts you in front of all of these. A specialist will point you to the ones that fit.