TurboFunding is a lending broker, not a direct lender. Rates and terms vary based on borrower profile and lender approval. This is not financial advice.
Compare rates, terms, and eligibility across our full suite of financing options.
Draw funds on demand, pay only what you use
Revolving credit facility perfect for managing cash flow fluctuations and unexpected expenses.
Annual Revenue
$150K+
Time in Business
12+ months
Credit Score
600+
A business line of credit is a revolving funding facility that gives you access to a set credit limit — say $50,000 or $250,000 — that you can draw from whenever your business needs capital. Unlike a term loan where you receive the full amount upfront, a line of credit lets you borrow only what you need, when you need it, and you only pay interest on the amount you actually draw.
Once you repay what you've borrowed, that credit becomes available again — similar to how a credit card works, but typically at much lower rates and with higher limits. This makes a business line of credit one of the most flexible financing tools available, especially for businesses with fluctuating cash flow or seasonal revenue patterns.
Line of credit rates are based on your business's monthly revenue, consistency of cash flow, time in operation, and the owner's personal credit score. Businesses with steady revenue above $150K annually and credit scores above 600 typically qualify for the most competitive rates. Draw fees and maintenance fees vary by lender — your TurboFunding advisor will break down all costs before you commit.
A seasonal landscaping company is approved for a $75,000 line of credit. In March, they draw $30,000 to purchase equipment and supplies for the busy spring season. They pay interest only on the $30,000 drawn — not the full $75,000 limit. By June, strong revenue allows them to repay the draw in full, restoring their available credit for the next time they need it.
Submit a quick online application with your business details and recent bank statements.
Our team evaluates your cash flow, revenue consistency, and credit profile to determine your credit limit.
Receive your approved credit limit and access your funds through a simple online draw process — no need to reapply each time.
Repay on a weekly or monthly schedule, and your available credit is replenished automatically.
A term loan gives you a one-time lump sum with fixed monthly payments. A line of credit gives you ongoing access to funds that you can draw from as needed and repay on a revolving basis. Lines of credit are better for managing cash flow; term loans are better for large one-time investments.
Yes — that is the primary advantage. Once you repay a draw (or a portion of it), that credit becomes available again. You can draw and repay as many times as you need during the draw period.
Minimum draw amounts vary by lender but are typically $500 to $1,000. Your TurboFunding advisor will confirm the specific terms of your facility.
Our funding experts will match you with the product that fits your unique business needs.
