Programs
Business line of credit
Draw what you need, when you need it — and pay only for what you use. As you repay, the line typically replenishes, ready for the next moment.
A term program hands you one lump sum for one job. A line of credit works differently: it’s an approved amount that sits ready, costs you little or nothing while it sits, and turns into cash the moment the business needs it — then becomes available again as you pay it back.
What it is
A business line of credit is revolving capital. The review desk approves a limit based on how the file looks — revenue, time in business, the overall health of the business — and you draw against that limit whenever the need shows up: a supplier discount worth grabbing, a slow month to bridge, a repair that didn’t make an appointment. You repay what you drew, and that capacity typically becomes available to draw again.
The difference from a term program is the shape of the need. If you know the number — the buildout costs what it costs — a lump sum with a fixed term usually fits better. If the need is recurring, unpredictable, or seasonal, a line means you’re not re-applying every time the calendar surprises you.
How much, and what it costs
Limits typically scale with monthly revenue, depending on how the file looks. You pay for what you draw — not for the unused limit sitting ready — though some programs carry maintenance or draw fees, and you’ll see every cost in plain terms before you sign. Rates can start around 1% a month, depending on the file. The review desk looks at your real numbers, and no documents are needed to see your options.
How long does the line last?
A healthy line is designed to stay with the business: as you repay, availability typically replenishes, and lines are reviewed periodically as the file evolves — a growing business often supports a growing limit. What we won’t promise is “forever”: no honest desk will promise a credit line for life, because the line is built on the file, and files change. What you’ll always get is the plain answer about where yours stands.
Who it fits
- A contractor whose material costs land in bursts between draws.
- A retailer who buys opportunistically when a supplier clears inventory.
- A seasonal business that bridges the quiet months and repays in the busy ones.
- An operator who wants a cushion standing by without borrowing a lump sum today.
If the need is one big known number, a working-capital or term program usually fits better. If the cash you’re waiting on is sitting in unpaid invoices, invoice factoring may be the cleaner tool. If payments should track revenue, see revenue-based financing.
The Process
How it works at Aglet
Tell us about the business
Two minutes, no documents — just the basics of the file and what the capital is for.
The review desk looks at your real numbers
Real underwriters, not a form-bot. Qualifying files usually hear back within one business day.
Pick the option that fits
Limit, draw terms, and costs in plain language — and you decide with zero pressure.
The Honest Tradeoff
Revolving convenience typically prices above a fixed bank line, and easy draws can become a habit the file didn’t budget for. If your bank offers you a line, take it — and if it can’t move fast enough, you’ll see exactly what this costs before you sign anything.
Questions
Lines of credit, asked plainly
How big a line can my business get?
Limits typically scale with monthly revenue, depending on how the file looks. The review desk looks at your real numbers — no documents needed to see your options.
Does the line renew after I repay it?
Typically, yes — as you repay, availability replenishes. Lines are reviewed periodically as the file evolves, and a growing business often supports a growing limit. Nobody can honestly promise a line “for life,” but a healthy line is built to stay with the business.
What does it cost when I’m not using it?
You pay for what you draw. Some programs carry maintenance or draw fees — whatever applies to your file, you’ll see it in plain terms before you sign anything.
Line of credit or term program — which fits me?
Known number, one job — a term program usually fits. Recurring, seasonal, or unpredictable needs — a line usually fits. The review desk will tell you plainly which one your file supports, and it’s fine if the answer is neither.
Check Your Options
See what your file supports.
Two minutes, no documents, and a plain answer — if it doesn’t fit, we say so.
Check your options2 minutes · No documents · No obligation