How a revolving line generally works
A business line of credit sets a maximum limit. You draw what you need, when you need it, and repay it over time. As you repay, that portion of the limit generally becomes available again. You are typically only charged on what you have drawn, though the details depend on the agreement Merchant Fund Express presents.
Line of credit or lump sum?
| Situation | Often a better fit |
|---|---|
| One known project with a clear cost | Working capital |
| Recurring, unpredictable needs through the year | Business line of credit |
| Buying a specific machine or vehicle | Equipment financing |
| Strong daily card sales and a near-term need | Merchant cash advance |
Owners who get the most from a line
A line tends to serve operators whose costs arrive unevenly. A specialty food distributor who wants to grab bulk pricing when a supplier offers it. A property maintenance company that fronts materials for dozens of small jobs a month. A veterinary group that replaces equipment as it wears out instead of on a schedule. In each case, having access ready can matter more than any single draw.
When your credit has not caught up
Traditional banks often treat a revolving line as the product that demands the strongest personal score. Merchant Fund Express takes a revenue-first view. This program is built for established businesses doing $60K or more a month, and FICO 500 and up is considered. If you are curious what reviewers weigh, see what funders look at.
One note: a line of credit is funding, not credit repair. It should not be treated as a way to raise your personal score.
Getting set up
- 5-minute application
- Soft credit pull to start
- About three months of business bank statements
- No tax returns required
- Sole proprietors can apply
Lines are considered in the $25,000 to $5,000,000 range, with funding in as little as 24 hours for qualified businesses. Start your application.
Frequently asked questions
Can I draw on the line more than once?
That is the main purpose of a revolving line. As you repay, available credit generally replenishes, subject to your agreement.
What size line can I apply for?
Lines are considered from $25,000 to $5,000,000, depending on revenue and the overall file.
Do I need business credit history?
Your deposit history and revenue consistency carry real weight. You can also read our business credit guide if you want to build that side over time.
Is the line provided by Eagle?
No. Funding is provided through our partner Merchant Fund Express.
How soon can I use the line?
For qualified businesses, funding can be available in as little as 24 hours after acceptance, depending on the file and your bank.
What if my revenue is seasonal?
Seasonal businesses often find a line useful, because draws can be timed to the slow stretch and repaid as the busy season brings deposits back. Mention your seasonality when you apply so the reviewer reads your three months of statements in context. Our page on slow-month cash flow funding goes into this pattern in more detail.