FAQ
Frequently asked questions
Answers about business lines of credit, eligibility, and working with Flex.
- 6 monthsTime in business
- $5k / monthBusiness revenue
- Checking accountBusiness checking required
- 500+Credit score
What is a business line of credit?
A business line of credit is revolving financing up to an approved limit. You draw funds when you need them, repay what you used, and available credit typically replenishes so you can draw again—subject to your provider’s terms and approval of each draw.
How does a line of credit work?
Once approved, you request a draw up to your available credit. You repay that draw on the schedule in your offer. As you repay, available credit usually comes back so you can draw again without starting a brand-new application every time.
How is a line of credit different from a term loan?
A term loan typically delivers a lump sum with fixed repayment terms. A line of credit lets you draw only what you need, pay for what you use, and reuse available credit as you repay.
What are the minimum requirements?
- At least 6 months in business
- At least $5,000 in monthly business revenue
- A business checking account
- A credit score of 500 or higher
Meeting the minimums does not guarantee approval. Funding providers make the final decision.
Where do you provide funding?
We fund businesses in all 50 states, and also have options for businesses in Canada and Puerto Rico.
Who will I work with?
Every client is assigned a dedicated funding expert who works with you throughout the process, with no hand-offs.
What other funding options are available?
In addition to business lines of credit, we can explore working capital, equipment and expansion funding, and term loans. Your funding expert will review which options fit your business.
How fast can I get funded?
Funding times vary by product and provider. Same-day or 24-hour funding is available on select products, subject to approval.
How do I apply?
Email funding@flexbusinesslines.com or use the Apply page. Your funding expert will send a secure application for electronic signature and let you know what documents are needed.
Are you a lender?
No. Flex Business Lines is a funding broker, not a direct lender. Financing is provided by independent funding providers, which make all approval decisions and set rates and terms.