Cash Secured Line of Credit
Build and strengthen credit while growing your business
Great for small businesses with at least $50,000 in annualized revenue and 6 months in businessFootnote[1]Graduate to an unsecured line of credit over time. Security deposits start at $1,000Footnote[2]
Path to an unsecured line of credit
Apply online
Apply and fund the account with a minimum deposit of $1,000.
Keep growing your business
Use your line of credit for operating expenses, payroll and more. Make regular payments and establish positive account history.
Graduate to an unsecured line of credit
After a successful review of your account performance, your deposit will be refunded. Account reviews begin at 12 months.
Take control of your credit
Make regular, on-time payments to build your business credit. After 2 years in business under existing ownership and $100,000 in annual revenue, you could transition to an unsecured line of credit.
Refundable security deposit
Your credit line is the same as your security deposit. If your primary goal is to build your business credit, your small business can start with a security deposit as low as $1,000. You can close the account at any time by simply paying off the balance. Once the account has been closed, your security deposit will be refunded.
Line Amount & Fees SummaryFootnote[3]
(waived the first year)
(waived the first year)
Compare loan options
| Business Advantage Credit Line | Business Advantage Credit Line Cash Secured | Business Advantage Term Loan | |
|---|---|---|---|
| Business Needs | Business Needs Business Advantage Credit Line Use whenever you need funds. Competitive interest rates. | Business Needs Business Advantage Credit Line Cash Secured Establish your business credit. Build a path towards unsecured credit options. Use whenever you need funds. | Business Needs Business Advantage Term Loan Receive funds as a one-time lump sum. Competitive interest rates. |
| Security deposit required | Security deposit required Business Advantage Credit Line No | Security deposit required Business Advantage Credit Line Cash Secured Yes | Security deposit required Business Advantage Term Loan No |
| Minimum years in business | Minimum years in business Business Advantage Credit Line 2 Years | Minimum years in business Business Advantage Credit Line Cash Secured 6 Months | Minimum years in business Business Advantage Term Loan 2 Years |
| Minimum sales revenue | Minimum sales revenue Business Advantage Credit Line $100,000 in prior year annual gross sales | Minimum sales revenue Business Advantage Credit Line Cash Secured $50,000 in annualized revenue | Minimum sales revenue Business Advantage Term Loan $100,000 in prior year annual gross sales |
| Receive funds | Receive funds Business Advantage Credit Line When needed | Receive funds Business Advantage Credit Line Cash Secured When needed | Receive funds Business Advantage Term Loan One-time lump sum |
| Interest is paid | Interest is paid Business Advantage Credit Line Only on the outstanding balance | Interest is paid Business Advantage Credit Line Cash Secured Only on the outstanding balance | Interest is paid Business Advantage Term Loan Only on the outstanding balance |
| Payments | Payments Business Advantage Credit Line Monthly payments based on your balance | Payments Business Advantage Credit Line Cash Secured Monthly payments based on your balance | Payments Business Advantage Term Loan Fixed equal monthly payments based on your loan amount and term |
| Graduation path to unsecured option | Graduation path to unsecured option Business Advantage Credit Line N/A | Graduation path to unsecured option Business Advantage Credit Line Cash Secured Yes | Graduation path to unsecured option Business Advantage Term Loan N/A |
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Apply now Learn more about Business Advantage Credit Line |
Apply now Learn more about Business Advantage Credit Line Cash Secured |
Apply now Learn more about Business Advantage Term Loan |
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Explore the Center for Business Empowerment
Learn more about your funding options, strategies for building positive credit history, managing credit and more in the Center for Business Empowerment.
