Line of Credit : Business Loans : Business Consortium Fund

Grow Your Business on Your Terms: Flexible Working Capital with a Business Line of Credit

Revolving

Starting at $100,000
Term

Annual Renewal
Flexibility

Draw as needed

Thrive on your own terms with BCF funding.

A line of credit is perfect for handling short-term cash needs, like managing working capital for new and existing contracts or fulfilling purchase orders.

Flexible working capital

BCF offers business lines of credit ranging from $50,000 to $350,000, renewable annually, for new borrowers. You can withdraw funds as needed, and interest will accrue only on the amount you have used. Once you repay what you have borrowed, you can borrow up to the maximum limit again. Approved clients can even use both a term loan and a line of credit simultaneously for maximum flexibility.

Existing clients can contact us to request additional funding for a higher amount. Our Lending team will work with you to determine the loan amount to fit your ongoing budget.

Let BCF be your partner in growth. Apply today! Check your eligibility without impacting your credit score.

Easy Application Process

Complete the Application

You can submit your loan application and required documentations online at your convenience.
Application Decision

Every application is carefully reviewed by our Underwriting team. We will communicate with you throughout the process.
Funds Disbursement

Upon approval, we'll work with you to tailor the perfect financing solution to fit your business needs and budget for loan repayment.

See if You Qualify: Explore Our Business Term Loan Requirements

Minimum Eligibility Criteria

51% ownership must be held by MBEs or socially and economically disadvantaged entrepreneurs.
650 personal credit score
3+ years in business
$150,000+ Gross annual revenue
Positive cash flow
Business-to-Business and/or Business-to-Government model
At least one (1) new or existing primary or subcontract, or purchase order

FAQs on Business Line of Credit

A business line of credit is a revolving credit line where you can withdraw funds as needed up to a set limit. Repayment involves making regular payments against the outstanding balance, with interest charged only on the borrowed amount. It's commonly used by businesses to cover ongoing costs and manage cash flow fluctuations.

When to use a Business Line of Credit?
Consider a business line of credit for:

Managing Cashflow Fluctuations: Businesses frequently encounter seasonal fluctuations in order demands or payment delays from buyers. A business line of credit is essential for stabilizing cash flow amidst these fluctuations. You can draw on a line of credit to bridge revenue gaps.
Covering Short-Term Expenses: Ideal for addressing payroll, supplier payments, or unexpected costs like repairs without depleting cash reserves or disrupting your operations.
Scaling Up: Access additional working capital for growth initiatives such as hiring, marketing, or facility expansion, facilitating smooth scaling.

Can you get a Business Term Loan and a Business Line of Credit at the same time?
Yes, you can have both a business term loan and a business line of credit at the same time, as long as you qualify for both. This can be a powerful strategy for businesses.

A term loan provides a lump sum for long-term investments like equipment or expansion.
A line of credit offers flexible access to funds for ongoing working capital and opportunistic expenses such as contract financing. This way, your business has the resources to cover both planned and unplanned needs.