Business Line of Credit

The U.S. Bank Business Line of Credit is a flexible revolving line of credit designed to provide working capital for seasonal purchases, inventory management, and short-term cash needs. You can access funds conveniently using a Visa Platinum Card, convenience checks, online banking, or at a local branch. This option is ideal for businesses that have been operational for two years or more. It offers competitive rates, with the option to lock in a fixed rate on existing balances, allowing you to repay only what you have borrowed.

Which credit line is right for you?

Secured Business Line of Credit

Use your eligible business assets as collateral to access up to $250,000. 

Key features:

  • Credit lines from $10,000 up to $250,000
  • $0 annual fee on lines greater than $50,000; $150 annual fee for lines $50,000 or less
Apply now

Unsecured Business Line of Credit

Access up to $100,000 now with no collateral needed.

Key features:

  • Credit lines from $10,000 up to $100,000
  • $0 annual fee on lines greater than $50,000; $150 annual fee for lines $50,000 or less
Apply now

Financing benefits that fit your business.

U.S. Bank offers easy access to financing up to $250,000 for small businesses, with a streamlined application process and personalized attention from bankers.

Quick lending decisions

Our simple online application process makes it easy to receive quick decisions and fast funding.

Digital lending management tools

Use U.S. Bank’s business online banking to easily make payments and manage your loans and line of credit.

Trusted SBA lending partner

U.S. Bank is proud to be a designated SBA Preferred Lender providing Small Business Administration (SBA) loans.

Over 160 years of history and expertise

For generations, business owners have trusted U.S. Bank with their financial needs.

Get started with our easy online application.

  1. Provide your name, business address and phone number, Tax ID/Social Security Number and Employer Identification Number.
  2. Include information about your gross annual sales.
  3. In some cases, we may require your most recent tax returns, financial statements, or legal documents, such as articles of incorporation.
  4. For secured applications, U.S. Bank will file a Uniform Commercial Code (UCC) lien and must retain the first lien position.
  5. A Personal Guaranty is required for small business loans and lines of credit.1
Apply now

Is your business proudly diverse-owned?

Our Business Diversity Lending Program provides funding to diverse businesses with modified credit requirements for potentially easier approvals and favorable rates. See if you qualify.

Learn more

FAQ: Your guide to a business line of credit

A line of credit is a way to help build your business. A business line of credit allows for flexible borrowing and as needs arise, you can draw on a line of credit and pay interest only on the amount you borrow.

Term loans and lines of credit are two different types of business financing:

  • A term loan provides a lump sum upfront. You repay on a fixed schedule until you’ve repaid the full sum. Interest rates and fixed rates are typically lower than a line of credit and interest is paid on the full amount of the loan.
  • A line of credit has a variable interest rate and provides access to ongoing funds from which you can request one or more draws and borrow any amount up to your given limit. You repay only what you’ve borrowed on a fixed schedule.

Your repayment schedule and terms may vary.

A business line of credit works kind of like a credit card. A line of credit lets a business borrow up to a certain amount of money and will only charge interest on the amount of money borrowed. It’s unlike a traditional loan where you’d be given a lump sum of money that you’d pay back with interest in monthly payments.

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Disclosures

  1. U.S. Bank requires business owners to provide a personal guaranty to obtain credit. The term personal guaranty refers to an individual’s contractual promise to personally repay credit issued to a business if the business fails to repay its debt obligations.

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Subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. U.S. Bank and/or third-party fees may apply. Certain restrictions apply to refinancing options and are subject to program terms.

Financing maximums and terms are determined by borrower qualifications and use of funds.

Line of credit interest rates and program terms are determined by U.S. Bank based on market conditions. Interest rates are subject to change without notice. A $150 annual fee applies to lines of $50,000 or less.

Financing under the Business Diversity Lending Program is subject to credit approval. Terms and conditions are subject to change.

Business Diversity Lending Program: To be eligible for the BDLP, your business must be at least 51% owned and operated by one or more individuals who are women, people of color and/or veterans. Demographic information regarding gender, race and veteran status is required only to determine eligibility for this program. U.S. Bank does not discriminate on this or any other prohibited basis.

For any deferred or promotional payment period, interest accrues and is amortized over the remainder of the term and outstanding balance.

Credit products offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Some restrictions and fees may apply.