Every business, whether a startup or an established enterprise, faces financial ups and downs. Managing cash flow, handling unexpected expenses, and seizing growth opportunities all require access to fast, flexible capital. That’s where a business line of credit (LOC) comes in.
Unlike traditional business loans, a line of credit gives you access to funds when you need them, without requiring you to borrow a lump sum upfront. With interest rates starting at just 6% and credit limits of up to $2 million, Monet Capital helps businesses secure the right funding to stay competitive and grow.
Let’s dive into why your business needs a line of credit and how to qualify for one.
A business line of credit is one of the most powerful financial tools available to business owners. Here’s why:
A line of credit provides instant access to capital whenever your business needs it—whether it’s to cover payroll, pay suppliers, or manage operational costs.
Unlike a traditional loan, where you receive a lump sum and start making fixed monthly payments, a line of credit allows you to borrow only what you need and pay interest only on the amount used.
Many businesses experience seasonal fluctuations in revenue. A business line of credit helps bridge the gap during slow months, ensuring you can continue operations without disruption.
When a great business opportunity arises—like buying inventory at a discount or expanding operations—you don’t always have time to apply for a traditional loan. With an approved line of credit, you can act fast and take advantage of new opportunities without delay.
Using and repaying a line of credit responsibly boosts your business credit score, making it easier to qualify for larger loans, lower interest rates, and better financing in the future.
Securing a business line of credit is easier than you think, especially if you meet the eligibility criteria and prepare your application properly. Here’s what you need to qualify:
Most lenders require a minimum annual revenue of $100,000 - $250,000, depending on the size of the credit line. Higher revenue can help secure larger credit limits.
✔ Minimum credit score: 600+
✔ For best rates (starting at 6%): 680+
A higher credit score increases your approval odds and secures lower interest rates. If your credit score is lower, consider building it up before applying.
New businesses can apply, but most lenders prefer companies that have been operating for at least six months to a year. The longer you’ve been in business, the higher your chances of approval.
Lenders check your existing debts and liabilities before approving a credit line. Keeping your debt-to-income ratio below 40% improves approval chances.
Most lenders will require:
📄 Business tax returns (last 2 years)
📄 Bank statements (last 6 months)
📄 Profit & loss statement & balance sheet
📄 Personal financial statement (if applying with a personal guarantee)
Being prepared with these documents speeds up the approval process and gets you funded faster.
At Monet Capital, we offer lines of credit up to $2 million, depending on your business size, revenue, and creditworthiness.
✔ Interest Rates: Starting at 6%
✔ Approval Time: As fast as 24-48 hours
✔ Funding Time: Once approved, funds are available immediately
Applying for a business line of credit is simple with Monet Capital.
Fill out a quick online form to check your eligibility without impacting your credit score.
Provide financial statements, tax returns, and bank records for approval.
Once approved, your credit line is available for immediate use. Draw funds whenever needed and pay interest only on what you use.
A business line of credit is a must-have tool for any business looking to stay financially flexible, seize opportunities, and navigate cash flow challenges. Whether you need working capital, emergency funding, or growth capital, a line of credit ensures you have access to funds whenever needed.
🚀 Ready to get started? Monet Capital can help you secure up to $2 million in credit with rates as low as 6%.
📞 Apply today and get funded fast!