Lines of Credit
Business Line of Credit Requirements
Approval usually requires minimum time in business, revenue, a reasonable credit profile and bank statements showing healthy cash flow. Because the facility is revolving, lenders also assess how you manage cash timing.
| Time in business | Often 6–24 months |
| Annual revenue | Lender minimum, varies |
| Credit profile | Reasonable, program-dependent |
| Bank statements | Show consistent cash flow |
What strengthens a file
- Clean bookkeeping
- Consistent deposits
- Few recent declines or NSFs
- A clear, specific use of funds
What weakens a file
- Erratic deposits
- Unexplained cash activity
- Recent overdrafts
- Vague use of funds
Frequently asked questions
Is collateral required?
Often not for smaller lines; larger facilities may require it.
Can I have more than one line?
Yes, though lenders will look at total obligations.