- Line of Credit
Easy access to working Sierra Business Funding.
True Lines
of credit from $10K – $5mm
12-month
repayment term, resets after each withdrawal
Simple
customizable weekly payments
Instant
receive your money within seconds – 24/7.*
What is a business line of credit and how does it work?
A business line of credit is a type of funding that allows you to borrow from a set amount of money. You’re given a credit limit, and within it you can draw what you need, when you need it. You only pay interest and fees on what you borrow.
Compared to a term loan, a business line of credit is typically used to cover recurring business expenses or bridge cash flow gaps. With Sierra Business Funding, you replenish your available funds as you repay what you borrow. This is known as a revolving business line of credit. To help you build your credit, we report your payment history to the business credit bureaus.
Working Capital
Get the best use of funds from our working capital products
Are we a match?
Business
checking account.
If you are full of why’s and what’s…
Check our consolidated list of frequently asked questions to help you navigate our lines of credit.
With a Sierra Business Funding– Line of Credit, draws are consolidated into one loan with one easy weekly payment. As you pay back your principal, you replenish available funds. Unlike most other online lenders, our line of credit comes with no draw fees (just a monthly maintenance fee). Adjust the payment amount and term to ensure a comfortable weekly payment.
There are some times when you could really use access to additional funds. Based on your cash flow, net income and payback history, you may be eligible for a credit line increase.
The total cost of your line of credit will vary based on a number of factors, including your personal and business credit scores, time in business and annual revenue and cash flow.§
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