Revolving capital you draw on when you need it and pay interest only on what you use. The structure most owners should look at first, because it costs nothing to hold and everything to not have.
A line of credit is the most flexible thing on this list, which also means it is the most often mismatched. Here is the honest read.
These are the ranges we see across our funding partners. Your actual offer depends on revenue, time in business, and credit profile — and is set by the partner, not by us.
| Term | Typical range |
|---|---|
| Credit limit | $10,000 to $500,000 |
| Draw period | 6 to 24 months, often renewable |
| Interest | Charged only on the drawn balance |
| Repayment | Weekly or monthly, depending on partner |
| Collateral | Often unsecured; a personal guarantee is common |
| Prepayment | Usually no penalty — confirm on your specific offer |
Ranges are illustrative and are not an offer of credit. Rates, fees, and terms are determined solely by the funding partner and disclosed to you before you sign.
Not at the review stage. We use a soft pull to understand your profile, which does not affect your score. A funding partner may run a hard inquiry only after you choose to move forward with a specific offer, and they will tell you before they do.
With most of our partners, nothing while the balance is zero. Some charge a small annual or draw fee. That will be on the offer you receive, and we will point at it before you sign.
For a complete file with clean statements, approval is usually the same or next business day and funds are available within one to three business days. Incomplete statements are the single biggest cause of delay.
No. Select Loan Advisors is an advisory service. We review your file and refer it to third-party funding partners who make their own credit decisions and issue their own agreements. We are compensated by those partners.
A fixed amount over a fixed schedule. Cheaper than a line if you know exactly what you are buying.
See More →Repayment that flexes with daily sales. Faster and looser on credit, but a higher cost of capital.
See More →Two minutes, no hard credit pull, and a straight answer about whether a line of credit is open to you right now.
Check My Eligibility →