Business Line of Credit

Our line of credit gives your business access to the working capital it needs when it needs it the most.

What is a Business Line of Credit?

A business line of credit is a revolving account that allows access to a fixed amount of capital, which can be used when needed to meet short-term business needs. A business line of credit is the best financing option when you need extra working capital to cover recurring business expenses or bridge cash flow gaps. With ongoing access to funds, you have the flexibility to withdraw only what you need, when you need it—and pay for only what you use. So, you’ll be prepared for whatever challenges and opportunities come your way.

Business Lines of Credit are Ideal for:

Purchasing new inventory

Opening a new location

Upgrading or replacing equipment and technology

Bolstering your small business’s marketing

Business Line of Credit Details

ADVANTAGES

Only pay interest on the amount you use, rather than the total amount funded
Flexible as long as you stay within your credit limit
Great opportunity to build business credit

DISADVANTAGES

It can be difficult to increase your credit limit
Have lower borrowing limits and fees and additional charges can add up if used irresponsibly
Can be more difficult to qualify for

Qualification Criteria

Approval for a line of credit from GRL Capital Partners varies depending on the business revenue. However, we don't only consider revenue, but pay attention to these factors :

Credit score: 680+

Utilization: below 30%

No recent bankruptcies

Documentation Required

We at GRL Capital Partners want to make the funding process as efficient and simple as possible for you. Therefore, minimal documentation is needed for your application:

Signed one page funding application

3-5 most recent months company bank statements

Full credit report

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