Access to an approved limit
The lender makes a credit limit available. You choose how much to draw, subject to the agreement, so the entire limit does not need to be borrowed at once.
Business Line of Credit
A business line of credit.
Ready for your next cash-flow gap.
Draw funds for inventory, seasonal expenses, or unexpected costs. Learn how a revolving business line of credit works and what to compare between offers.
Funding range$25K–$5M
Financing termRevolving
Funding typeFlexible capital
Typical funding time2–10 days
RepaymentWeekly / monthly
PRODUCT OVERVIEW
Business lines of credit,
explained.
A business line of credit gives you access to money up to an approved limit. You draw what you need, repay it and can use available credit again while the facility remains open and you meet its terms.
Instead of taking a single lump sum for a planned purchase, you have a source of funding for costs that arise at different times. That can be useful when inventory orders, payroll or customer payment delays change from month to month.
As you repay principal, it generally restores borrowing capacity on a revolving line. Each draw may have its own repayment schedule, or payments may be calculated across the outstanding balance. Access to further draws remains subject to the lender’s agreement and any ongoing reviews.
Interest is generally charged on the amount drawn, but a line can also carry draw, maintenance or unused-facility fees. Compare those charges, the rate, repayment schedule and renewal conditions. An approved limit does not mean every dollar will remain available regardless of changes in your business.
Westwind helps you compare how each line handles draws, repayments and renewals so you can plan for recurring funding needs.
Funding for recurring cash needs
Draws can cover inventory, supplier bills, seasonal expenses, or a gap before customers pay. The line can be secured by business assets or offered without specific collateral.
Repay and reuse the credit
Payments follow the lender’s schedule, often weekly or monthly. Repaying principal generally restores available credit, subject to the line’s renewal, limit, and ongoing conditions.
Draw costs and facility fees
Interest or financing charges generally apply to the money used. Draw, annual, maintenance, or unused-line fees may also apply, and a variable interest rate can change over time.
BEFORE YOU APPLY
What you’ll need to get started.
Know what lenders look for and what to have ready. Your advisor helps with the rest.
What lenders look at
Business track record
Your time in business and recent operating performance.
Revenue & cash flow
Sales patterns and cash available to repay each draw.
Credit profile
Business or owner credit and repayment history.
Current obligations
Existing loans and credit lines relative to the requested limit.
Financials & security
Updated records and, for a secured line, the assets supporting the facility.
What to have ready
To start
- Funding amount, purpose & timeline
- Business details & revenue
- Existing financing & credit range
- Your contact details
For lender review
- Recent business bank statements
- Current profit-and-loss statement and balance sheet
- A list of business debts and current credit lines
- Business tax returns, if requested
- Receivables or inventory reports, for an asset-secured line
IS THIS RIGHT FOR YOU?
For funding needs that come around more than once.
Start with the purpose, the payback period, and the payment your business can support. Use these signals to decide what to discuss with your advisor.
A stronger fit
- You need money more than once a year
- You'd rather have it ready than borrow each time
- You can pay it back out of normal takings
A reason to pause
- You need the whole amount for one long project
- You need to borrow as much as possible
- Your sales can't carry regular payments
The advantages
- Flexible access for recurring needs
- Interest generally applies only to drawn funds
- Reusable rather than one-and-done capital
- Useful liquidity buffer for seasonality and surprises
The trade-offs
- Rates may float and rise with market benchmarks
- Some facilities require frequent payments or annual renewal
- Unused-line, draw, maintenance, or termination fees may apply
- The lender may reduce availability after a performance decline
HOW FUNDING WORKS
From application
to funding,
step by step.
Tell us about your business once. We prepare your file, find relevant lenders, coordinate the review, and help you compare your offers.
01 profile05 steps1:1 your own advisor
01
START HERE
Tell us what you need
Fill out one form with the amount, what the money is for, and the basics of your business.
RESULTOne complete business profile
- How much you need and what you will use it for
- Sales, industry, time in business, and what you already owe
02
ADVISOR REVIEW
Go through it with your advisor
Your advisor checks the request with you, gets clear on what matters, and helps gather the documents lenders will ask for.
RESULTA file ready for lender review
- Confirm timing, payment comfort, and business goals
- Collect the statements and supporting documents needed
03
MATCH & ROUTE
We find the lenders that fit
We compare your profile with different types of funding and the requirements of participating lenders.
RESULTA focused lender submission
- Narrow the list to lenders whose rules may fit
- Send the complete file only to selected lenders
04
UNDERWRITING
Lenders review the file
Each lender makes its own decision. We handle questions, document requests, and follow-up so you do not have to chase every party.
RESULTOffers you can compare side by side
- Resolve questions and missing items in one place
- Lay out available prices, terms, payments, and conditions
05
DECIDE & CLOSE
Compare, choose, and get funded
Your advisor explains the cost and tradeoffs, then helps you finish the lender's final conditions and closing documents.
RESULTThe option you choose, taken through funding
- Compare total cost, payment, term, collateral, and flexibility
- Complete final lender conditions and closing documents
How fast you get funded, what you're offered, and whether you're approved at all depend on your business, your paperwork, and the lender. Nothing here is a guarantee of an offer or approval.
LOOK AT THESE TOO
Other options worth comparing.
Don't pick on the rate alone, and don't pick on the biggest number you're approved for. Compare the whole deal.
QUICK ANSWERS
Questions people ask about business line of credit.
Is the full credit limit deposited at closing?
No. The limit is available to draw, but the business chooses how much to use, subject to the facility rules.
Can a lender reduce my limit?
Potentially. Many agreements allow changes following covenant breaches, revenue deterioration, collateral changes, or renewal review.
What decides whether I get approved?
Lenders mostly look at your sales, your cash on hand, your credit, and how you've handled borrowing before. Each one has its own rules about credit, paperwork, and what it takes to say yes.
How fast can I get the money?
Plan on 2–10 days. It can take longer if the deal is complicated, your paperwork is slow, an outside report is needed, or the lender asks for more.
What should I compare between offers?
Ten things: the total dollars you pay back, the true yearly cost, how often you pay, how long it runs, what you put up as collateral, what you personally guarantee, the rules you agree to follow (covenants), what happens if you pay it off early, the fees, and whether the money earns more than it costs.
YOUR NEXT MOVE
See whether business line of credit fits your business.
One application. Every option that fits. A clear path to the money.
Get funded