Compare Business Lines of Credit (2026)

Compare business lines of credit for 2026. Revolving access to capital with flexible draw and repayment options.

Written by Harvey Brooks, Senior Financial Editor

TL;DR Quick summary

OnDeck has listed unsecured LOC (up to $200K, no fees, instant draws). Biz2Credit goes up to $500K. SmartBiz LOC is $50K-$100K at SOFR + 12.99-28.99%. Fora Financial offers $5K-$100K at 570+ credit. For the largest LOC needs, Biz2Credit has more supporting context on size.

Key Takeaways

OnDeck LOC is fully unsecured with no annual, monthly, or draw fees
Instant funding available for OnDeck LOC draws $1K-$10K (24/7)
Biz2Credit offers the highest limit at up to $500K
SmartBiz LOC has listed rates (SOFR + 12.99-28.99%) but 6% origination fee
Only pay interest on what you draw — not the full credit limit

A business line of credit gives you revolving access to funds — draw what you need, pay it back, and draw again. Unlike a term loan, you only pay interest on what you use. We compared the top business LOC providers based on credit limits, rates, fees, and flexibility.

OnDeck

No stored Google rating

From Free/mo BBB: A+ Free Consultation

OnDeck is one of America's largest online small business lenders, a subsidiary of Enova International, offering term loans up to $400K and lines of credit up to $200K with provider-stated funding timing.

provider-stated funding timing Monday through Friday for applications approved before 10:30 AM ET, with instant LOC draws available 24/7

$25 billion funded across 185,000+ businesses since 2006 — one of the largest track records in online business lending

no-hard-pull claim to verify for initial eligibility check — soft pull only, no impact on personal credit score

Read Full Profile Visit OnDeck

Biz2Credit

4.5/5

Google rating from 2,714 reviews

From Free/mo BBB: NR Free Consultation

Biz2Credit is a New York-based fintech platform that has facilitated over $8 billion in funding to 200,000+ businesses, offering term loans, revenue-based financing, business lines of credit, and commercial real estate loans with 60-second prequalification.

$8 billion funded across 200,000+ businesses since 2007 — one of the largest online business lending track records

Four products covering $25K to $6M: term loans, revenue-based financing, LOC, and commercial real estate

60-second prequalification with soft credit pull — no impact on personal credit score

Read Full Profile Visit Biz2Credit

SmartBiz Bank, N.A.

No stored Google rating

From Free/mo BBB: NR Free Consultation

SmartBiz Bank, N.A. is a national bank and SBA 7(a) lender specializing in small business financing, offering SBA loans ($50K-$350K), bank term loans, and business lines of credit with funding speeds as fast as 7 days.

SBA-approved lender with $9B+ funded — listed track record

Fast SBA funding (7 days for smaller loans)

Now a federally chartered national bank (FDIC insured, OCC regulated)

Read Full Profile Visit SmartBiz Bank, N.A.

ROK Financial

No stored Google rating

From Free/mo BBB: A Free Consultation

ROK Financial (ROKFI LLC) is a business loan broker based in Great River, NY that connects borrowers with lending partners across 11 financing products including term loans, SBA loans, equipment financing, CRE, and MCA, with a minimum credit score of 500.

11 financing products under one roof — term loans, SBA, LOC, equipment, A/R, PO, MCA, CRE, franchise, startup, and middle market

500 minimum credit score is one of the lowest entry barriers in business lending

Startup funding available with just 6 months in business and $120K annual revenue

Read Full Profile Visit ROK Financial

Frequently Asked Questions

How does a business line of credit work?

A business LOC provides a credit limit you can draw from as needed. You only pay interest on the amount drawn, not the full limit. Once repaid, the funds are available again. Terms typically range from 12-24 months with weekly or monthly payments.

What is the difference between a business line of credit and a term loan?

A term loan gives you a lump sum with fixed payments over a set period. A line of credit lets you draw and repay repeatedly. LOCs are better for ongoing cash flow needs; term loans are better for one-time investments.

What credit score do I need for a business line of credit?

OnDeck requires 625+ FICO for LOCs up to $200K. Fora Financial accepts 570+. SmartBiz needs "good credit" for their LOC product. Biz2Credit's LOC requires 650+ with 12 months in business.

Are business lines of credit unsecured?

Some are. OnDeck's LOC is fully unsecured — no collateral, no annual fees, no draw fees. Others may require a general lien on the business or personal listed refund term depending on the amount.

Use This Guide With CreditDoc Context

List-style guides are starting points. Compare each provider profile with local guides, state rules, tools, and CFPB complaint-data context before relying on a ranking or offer.

City Guides Local provider lists, maps, and regional context. State Rules State lending-law and regulator context. Tools Estimate borrowing power, debt payoff, or credit-score scenarios. Complaint Data Use public CFPB complaint patterns as one research input.

Harvey Brooks

Senior Financial Editor

Harvey Brooks is a consumer finance writer specializing in credit repair, personal lending, and debt management. With over a decade covering the industry, he makes financial literacy accessible to everyday Americans. About our editorial team.

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