Business Lines of Credit
Revolving credit from $25,000 to $500,000 you can draw on whenever cash flow demands it — and only pay interest on what you actually use. Approved in days, available for life.
- ✓$25K–$500K limits
- ✓Interest only on draws
- ✓FICO 680+ required
- ✓Soft pull to apply
A flexible cushion under your operations
A business line of credit is the most flexible working capital product Northwood offers. Unlike a term loan, you don't take the full amount upfront — you draw only when you need it, for payroll, inventory, ad spend or to bridge a slow-paying customer. When you repay, the credit revolves back to its full limit.
Northwood's lines are unsecured up to $250,000 and require no collateral pledge. We use real-time bank data to underwrite the decision, so most files close in under a week.
Program highlights
- Lines from $25,000 to $500,000
- Interest only on funds drawn
- Same-day wire on approved draws
- 12–24 month renewable terms
- Soft pull during application — no impact to credit
Who qualifies
We look for at least 12 months in business, $15,000+ in average monthly deposits, and a 680+ FICO. Stronger credit and longer tenure unlock the highest limits.
Frequently asked questions
- How does a business line of credit work?
- A business line of credit gives you a pre-approved borrowing limit you can draw from on demand. You only pay interest on the funds you draw, and as you repay, the credit becomes available again — making it ideal for recurring cash flow gaps and unexpected expenses.
- What credit score do I need for a business line of credit?
- Northwood's line of credit programs require a 680+ personal FICO. Time in business of 12+ months and $15K+ in monthly revenue are typical baseline requirements.
- How fast can I draw funds from my line?
- Once your line is established, draws are wired to your business checking account the same business day if requested before 2pm PT.
- Is collateral required?
- Most lines under $250,000 are unsecured. Larger lines may require a blanket UCC filing on business assets but typically do not require specific collateral pledges.
Open a line. Use it when you need it.
Speak with a Northwood funding specialist today. Most decisions in 24–48 hours.
- ✓ $25K–$5M available
- ✓ Funded in 2–5 business days
- ✓ All credit profiles considered
- ✓ No upfront fees, no prepayment penalties