How Does a Business Line of Credit Work?

A business line of credit is a set limit you can draw against when cash runs short, repay, and draw again. You pay interest only on the amount you have drawn, not the full limit.

Owners use it to cover the gap between paying suppliers and getting paid by customers, to buy inventory ahead of a busy season, or to handle a repair without draining reserves. It is built for short-term needs, not for buying a building or a business.

What the lender checks: how long you have been operating, your monthly deposits and cash flow, your credit, existing debt, and sometimes receivables or inventory that can secure the line.

Before you apply, gather recent business bank statements, tax returns, a debt schedule, and an aging report if you invoice customers.

SixtyFour West places your deal with lenders whose rules it fits.

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