Line of Credit
Flexible funding when you need it.
What is Line of Credit?
A business line of credit gives you a pre-approved pool of capital to draw from whenever you need it. You only pay interest on what you've drawn — not on your full credit limit. As you repay, your available balance restores, so you can borrow again without reapplying. It's the most flexible form of business financing for managing cash flow gaps and seizing short-notice opportunities.
Key benefits
- Only pay for what you draw — unused credit costs nothing
- Revolving structure: repay and borrow again without reapplying
- Available instantly when you need it — no waiting for approval
- Ideal for businesses with unpredictable or seasonal cash flow
- Build a track record that supports future credit limit increases
Requirements
Min FICO Score
580+
Monthly Revenue
$10K+
Time in Business
6 months+
Collateral
None required
How it works
Get approved for your limit
Apply once. We review your business and approve a total credit line — your available pool of capital.
Draw what you need
Request a draw anytime through your Luma dashboard. Funds hit your account within 1 business day.
Repay and reuse
Weekly repayments rebuild your available balance. Borrow again as needed — no new applications.
When to use Line of Credit
The right fit for your situation
Cash flow management
Cover operating expenses during slow weeks or when client payments are delayed. Draw only what the gap requires.
Seasonal fluctuations
For businesses with seasonal revenue swings, a line of credit provides a safety net without locking you into debt you don't need.
Opportunity purchases
When a supplier offers a bulk discount or a wholesale deal appears, draw immediately to capture the opportunity.
Emergency buffer
Keep a line in place as a standing emergency reserve. Knowing it's there costs nothing — you only pay when you draw.
FAQ
Common questions about Line of Credit
Ready to get Line of Credit?
Apply in 60 seconds. No hard credit pull.