Your Questions, Answered
What’s the difference between a business line of credit and a traditional loan?
A traditional loan gives you a lump sum once. A business line of credit lets you access funds repeatedly, only when you need them—like a credit card, but with lower rates and higher flexibility
How quickly can I get approved and funded?
Most applicants receive a decision within 24 hours of applying. Funds can be available the same or next business day.
Does applying affect my personal or business credit?
No. We use a soft credit inquiry during pre-approval, which does not affect your score.
How are payments structured?
Payments are typically made weekly or monthly, depending on your credit limit and repayment plan. You’ll only pay interest on what you draw.
What are the eligibility requirements?
We work with businesses in nearly every industry. Generally, you’ll need at least 6 months in business, $10,000/month in revenue, and a FICO score of 600+.
Can I pay off my balance early?
Absolutely. There are no prepayment penalties, and paying early may reduce your overall interest costs.
Is True Credit Line a broker or a lender?
We are a direct lender—meaning you work directly with our underwriting team, not a middleman.
Still Have Questions?
Talk to a Funding Specialist Today.