What is a Business Line of Credit?

A small business line of credit online gives you access to the working capital you need when you need it without the obligations of a fixed term loan. With a business line of credit, you can draw as much or as little as you need as long as you don’t exceed your credit limit. You have the flexibility to draw and repay as many times as you see fit, as long as your business is performing the same way or better than it was when your line of credit was approved. You’ll only pay a fee on the portion of money you draw.

Apply for alternative business credit from Thor Capital Group online and get up to $500,000 in funding in just 24 hours.

A Line of Credit for Small Business is Ideal for:

  • Businesses looking to grow without the hassle of a drawn-out application process at a traditional lender like a bank
  • Businesses investing in new marketing strategies to fuel growth and drive revenue
  • Businesses planning an expansion or hoping to capitalize on a new opportunity
  • Businesses requiring new or additional inventory for an upcoming promotion, the holiday season, or other large volume advance purchases
  • Businesses needing fast capital in 24 hours

Who Can Benefit from Business Line of Credit?

Business Lines of Credit can help businesses in most industries, including:

  • cutlery-1

    Restaurant Industry

    Fast food, casual dining, fine dining, coffee shops, pubs, and more.

  • crane

    Construction Companies

    Contractors, electricians, plumbers, specialty tradespeople, & more.

  • healthcare

    Medical Practices

    Surgeons, psychiatrists, dermatologists, veterinarians, and all specialties.

  • shopping-cart

    Retailers

    Convenience stores, salons & spas, clothing stores, specialty stores, & more.

  • conveyor

    Manufacturers

    Metal manufacturing & machinery, food production, electronics, & more.

  • customer-service

    Business Services

    Advertising, maintenance, equipment rental, computer programming, & more.

Business Lines of Credit can also benefit restaurants, dental practices, dry cleaners, gas stations, pharmacies, and more. No matter what industry you operate in, our expert Funding Specialists will work closely with you to select the best funding option to help you achieve your business’s goals without sacrificing cash flow.

How Business Lines of Credit Work

SUBMIT YOUR APPLICATION

You’ll need three months of business bank statements and other financial records. For faster approval, grant us secure access to your bank account’s transactional data

SUBMIT YOUR APPLICATION
CHOOSE YOUR FUNDING

A Funding Specialist will reach out to you within 1 hour (during regular business hours) to complete your application and discuss your business funding options

CHOOSE YOUR FUNDING
GET FUNDED

Once you and your Funding Specialist determine what funding option works for your business, your funds can be approved and deposited within 24 hours

GET FUNDED
REPAY YOUR BUSINESS LINE OF CREDIT

You’ll need three months of business bank statements and other financial records. For faster approval, grant us secure access to your bank account’s transactional data

REPAY YOUR BUSINESS LINE OF CREDIT

Will Your Business Qualify?

It’s easy to apply for alternative business credit from Thor Capital Group. Approval is based on your business’s revenue and cash flow, not just your credit score. Here are some of the factors we consider:

  • Business revenue
  • Cash flow
  • Vendor payment history
  • Years in business
  • Public records

Why Get Funded by Thor Capital Group?

The application process for a small business line of credit at a traditional lender can take weeks with no guarantee of approval. At Thor Capital Group, we know you don’t always have time to compile a year’s worth of detailed personal and business financial documentation, so we’ve streamlined our application process so you can get fast and easy access to working capital. Our knowledgeable Funding Specialists will work closely with you to get you the funding you need without over-leveraging your business, and we’ll always be here to answer any questions you might have.

Business Line of Credit Q&A

Q: When is a business line of credit right for my business?

A: A business line of credit is very flexible and can be used for any business purpose. It’s often used by seasonal businesses to cover operations during slower months.

Q: Is collateral required for a business line of credit?

A: No hard collateral is required, but a UCC filing will be completed.

Q: Can I request a credit line increase?

A: Yes, you can increase your line of credit after one successful round of funding with us.

Q: Is it hard to get a small business line of credit online??

A: A line of credit through a traditional lender can be very difficult to get. With our streamlined application, we can get you access to alternative business credit within 24 hours.