Credit for Growing Companies
Requirements to Qualify
Most lenders have similar baseline requirements. Here's what
you'll typically need:
- 36 months (3 years) in business
- For-profit organization
- U.S. based business
- $250,000 minimum annual revenue
- Strong cash flow to service payments
- 680+ personal credit score
- 3+ years since bankruptcy
- Last 2 years business tax returns
- Last 2 years personal tax returns
- Year-to-date financials (P&L and balance sheet)
- Business bank statements
- Personal financial statement
- Access to multiple lenders in one application
- Expert guidance throughout the process
- No hidden fees or obligations
- Faster decisions with less paperwork
- Transparent terms and competitive rates
- Working capital for stabilization
Similar concept, but lines of credit typically offer higher limits, lower rates, and are designed specifically for business cash flow needs. Credit cards are better for smaller, frequent purchases.
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Most lenders review your line annually. They'll check your business performance, credit, and financial health. Your limit could increase, decrease, or stay the same. Strong performance can lead to higher limits and better rates.
Yes, as long as it's for business purposes. Working capital, inventory, payroll, supplies, equipment, or any operating expense. Cannot be used for personal expenses.
Some lenders charge annual maintenance fees even if you don't draw. Others don't. We'll disclose all fees before you accept an offer.
Typically 1-2 weeks from application to funding. Faster if your documentation is complete and organized.
Depends on the lender and your credit profile. Most lines under $100K are unsecured (no collateral). Some lenders may require a personal guarantee.
Check our other loan options. Term loans and SBA loans go up to $5M for larger capital needs.
What business owners are saying
Real feedback from real founders
They turned complex financial challenges into smooth solutions — and made the process enjoyable.
The team at ChatBiz Finance are knowledgeable and seasoned professionals, further strengthened by an entrepreneurial spirit. I highly recommend them.
ChatBiz made it easy from day one. They advised me on my bookkeeping and helped me get approved when I really needed clarity and support. They’re true experts who got me the best structure for my financial goals.
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