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- About us We’re your dedicated small business financial partner.
LINE OF CREDIT
Unlock funds when you need them
Fast access to flexible funds to help you focus on growing your business.
Only takes 5 minutes and doesn't impact your credit score*
Business Line of Credit
SmartBiz helps eligible businesses access a line of credit from $50,000 to $100,000 offered through our bank partners. With convenient access to capital, you can manage cash flow or fuel expansion when the time is right.
Convenient Application
Minimal documentation needed—just 6 months of business bank statements and a debt schedule. No tax returns or complex financial statements required.2
Flexible Capital
Draw funds anytime over a 24-month period. If you don’t owe a balance, no payment is due.
No Draw Fees
Borrowers can access funds without paying extra per draw, unlike many other options.
Predictable Payments
With 36-month repayment terms, you make simple monthly payments, giving you confidence in your cash flow.3
FAQs
Your dedicated team of SmartBiz professionals will review your unique needs to help you determine if a business line of credit is right for your business.
My credit isn’t great - should I still apply?
Absolutely. We know you’re more than your credit history, and our technology and team will work with you to help you find a solution that works for where you are right now.
How much will it cost me?
Your monthly payments are based on the amount you actually use. Your interest rate (SOFR + 12.99% to 28.99%) is subject to credit approval by the lender. You'll pay a one-time 6% origination fee at closing and a flat $750 in closing costs. Standard wire transfer fees may apply. Further details are included in your terms and conditions. 4
Are there additional fees?
On the first anniversary of the line of credit funding, the partner lender will charge a 1% annual management fee based on the approved line of credit amount.
How much can I draw at origination?
At origination, businesses may request the full amount of the line of credit balance to be disbursed into their business bank account, less required fees. If no funds are immediately required, business may request to only draw the balance required to cover fees.
What happens at maturity?
At the end of the 24-month draw period, if there is no balance owed the line of credit will simply close. If there is an active balance after the draw period has concluded, the payments will remain on the same amortization schedule until the draw is fully repaid. Alternatively, clients can request to have any balance owed re-amortized over the 36 months post maturity. The line of credit will not allow for any additional draws after the 24-month maturity date.
What are the different ways I can use funds from a line of credit?
The flexible structure of this business line of credit lets you use the funds in ways that make sense for your business. For example, you might hire a new staff member, acquire additional inventory, finance an upcoming project, or take advantage of a new business opportunity.
Does SmartBiz Bank offer Lines of Credit?
SmartBiz Bank works with other banks in its network to help you secure lines of credit between $50,000 and $100,000.
Trusted & Loved
Our customers say Excellent
4.6 out of 5 based on 16,367 reviews
4.6 out of 5 based on 16,367 reviews
"Fast, efficient, sharp and thorough"
“Just want to give a shout out to Kenneth Berlin. He was my point of contact . He was fast, efficient, sharp and thorough. His guidance and expertise were reassuring, especially considering the overwhelming world of lending . For your business lending needs, Kenneth will be your advocate. My team thanks him too.”
"Thanks to SmartBiz we have freed up the capital we need to continue growing."
“Our healthcare business had been growing very quickly over the past 4 years. We had been using short term financing to fill our financial needs during this period, but it was becoming too expensive. We turned to SmartBiz for help and they delivered! We would like to recognize Chris Schreiber on their team for all of the work he put in to get this SBA loan approved. Thanks to SmartBiz we have freed up the capital we need to continue growing.”
"I'll be a repeat customer."
“From day one, Zachary was transparent, knowledgeable, assessed my company quickly regarding being qualified for SBA loan, and provide clear and consistent communication regarding the process. I've already referred him to multiple business partners and I'll be a repeat customer as well.”