Business Line Of Credit

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All the working capital you need in one simple solution

Flexible Business Line of Credit

With a Business Line of Credit (LOC) from GoKapital, you can access the capital you need at any time. If you have been in business for at least one year, you can get approved for up to $250,000. The best part is that you will only pay interest on the amount you draw, not on the entire loan amount. We have no pre-payment penalties. Pay early and save on interest. Expand your business today with GoKapital’s instant line of credit.

Got Questions? Give us a call at 1-866-257-2973

  • Loan amounts: $20K to $250K
  • Terms: 6-12 months
  • Minimum credit score: 630
  • Pay only for the money you use
  • Fast and easy online application
  • 24 Hour approval and 1-3 days funding
  • We lend in all 50 states and in Canada
  • Early payment discounts (save on interest)
  • Interest Rates from 3% to 18% **

**(Your final interest rate may vary based on the application)

Step 1

Easy Online Application

Fill out our online application form and we will have an answer for you in 24 hours or less.

Step 2

Receive an Offer

Define what you are agreeing to: Rates, terms, etc.

Step 3

Accept Your Loan

You’ll only pay for the funds you use

What is a Line of Credit?

A line of credit (LOC) is a flexible revolving loan, in which a lender, usually a bank or a private lender, and a borrower, agree to a maximum amount of capital that the borrower can withdraw at any time. The borrower has these funds at his or her disposal, as long as he or she doesn’t exceed the maximum amount established in the agreement and makes payments on time.

The balance in a line of credit is revolving, meaning that the borrowers can use the funds, repay, and then spend again in a revolving cycle. In this way, lines of credit are very similar to business credit cards.

Business owners will typically use a line of credit to remodel or expand their store/offices, buy new tools or equipment, meet payroll, purchase inventory, launch a marketing campaign, or cover any unexpected expenses.

An essential advantage of GoKapital’s line of credit for business owners is that it provides more flexibility than a regular business loan.


How do I get a line of credit for my business?

If you apply for a line of credit with a traditional bank, you’ll have to fill out extensive paperwork to prove that you have a steady cash flow and a reliable credit score. Even after submitting all the paperwork, there is no guarantee that your loan will be approved.

Online lenders such as GoKapital, on the other hand, have looser qualifications than banks.

To obtain an unsecured line of credit, all you need is at least 1 year in business and $20,000 or more in monthly revenue. After reviewing your application and business’ revenue, within 24 hours or less, you will know if you have been approved. You should also get an offer that will break down your rates and loan terms.

If you got approved for a line of credit but you don’t need to withdraw any funds yet, don’t worry. You’ll only pay interest on the money you use. If you don’t use any funds, you won’t pay anything back.


  • Time in Business: 1 year min.
  • Monthly Revenue: $20K avg.
  • Business Bank Statements: 6 months
  • Overdrafts: Less than 5 negative days per month
  • Minimum Credit Score: 630

Application Process

  • Fill out the online application and tell us about your business
  • We review your business’ revenue and documentation
  • If your application gets is approved…
  • The funds are deposited into your account within 1-3 days

How business lines of credit works

Here’s an important question; when it comes to your business, how do you prepare for the unexpected?

Maybe you’ve been saving for a rainy day, however good or bad surprises can happen to anyone and that’s when a revolving business line of credit comes in handy to fill in any financial gaps.

With a revolving line of credit, you can borrow money to even out your cash flow, repay it, and reuse it–as long as you don’t go over the credit limit.

If you use it wisely, a line of credit is a flexible financial tool that can help you grow your business, pay bills, cover payroll, or make short-term investments.

It is a good idea to get a revolving LOC, even if you’re not going to use it right now. Remember that the ideal time to apply for business funding is when you don’t need it, and not when you’re desperately looking for capital.


Line of credit vs. term loan

One fundamental difference between a line of credit and a regular Small Business Term Loan is that with a LOC, borrowers can withdraw the amount of capital that they consider necessary to cover their business’ needs and pay interest only on the portion of the money that they borrowed.

They don’t necessarily have to draw the entire amount approved by the lender. While on a regular business loan, borrowers receive a lump sum of cash that he or she has to pay back in equated monthly installments. In other words, a line of credit gives the borrower the flexibility to take out as much or as little as they want as long as he or she doesn’t exceed the maximum credit amount.

Unsecured and secured lines of credit

If you are considering getting a line of credit for your business, keep in mind that there are two types; a secured LOC and an unsecured LOC.

The difference between the two is that in an unsecured LOC there’s no collateral required, therefore the approval process will be faster.

Whereas in a secured LOC you can get a higher borrowing amount since the LOC is secured against your assets. Most of the time, small business owners will prefer an unsecured line of credit.


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