Business Lines of Credit

What it is

A business line of credit works like a flexible safety net. You are approved for a set limit, and you can draw from it whenever you need cash. You only pay interest on the amount you actually use, not the full limit.

As you pay down what you borrowed, that money becomes available to draw again. This revolving structure makes a line of credit different from a term loan, which gives you one lump sum up front.

Lines of credit are a good fit for managing cash-flow gaps, covering a surprise expense, or smoothing out seasonal swings—without committing to a large fixed loan you may not fully need.

Best for

• Businesses with fluctuating or seasonal cash flow
• Owners who want flexible access without a large fixed loan
• Covering short-term gaps in payroll or inventory

Typical requirements

Most lenders typically look for the following. Exact criteria vary by partner.

• Time in business: many lenders look for at least 6 months
• Monthly revenue: often around $10,000 or more
• Credit score: programs commonly start in the high 500s to low 600s
• Documents: a government ID and recent business bank statements

How the process works

What to expect

Approvals on a line of credit often come quickly, sometimes within a few days. You only pay for what you draw, and interest applies to the used balance. Alta connects you with lender partners; the lender sets your limit, rate, and terms.

Final terms, eligibility, rates, and approval decisions are made by the lender partner, not by Alta Business Loans. We do not guarantee approval or specific terms.