How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 8 unsecured business lines of credit
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
Bank of America Business Advantage Unsecured Line of Credit | 5.0/5 Best for Low interest unsecured business lines of credit | Undisclosed | 700 | |
Wells Fargo BusinessLine® Line of Credit | 5.0/5 Best for Unsecured bank business lines of credit | $150,000 | 680 | |
Wells Fargo Small Business Advantage® Line of Credit | 5.0/5 Best for Unsecured SBA lines of credit | $50,000 | 680 | |
Headway Capital - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Unsecured business lines of credit for new businesses | $100,000 | 625 | with Fundera by NerdWallet |
Bluevine - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Fast unsecured business lines of credit | $250,000 | 625 | with Fundera by NerdWallet |
Fundbox - Line of credit | 5.0/5 Best for Unsecured business lines of credit for bad credit | $150,000 | 600 | |
OnDeck - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Unsecured business lines of credit for building credit | $100,000 | 625 | with Fundera by NerdWallet |
PNC Bank - Unsecured Small Business Line of Credit | Best for PNC customers | $100,000 | 720 | |
Here are 8 unsecured business lines of credit
Best for Low interest unsecured business lines of credit
Max Amount
Undisclosed
Min. Credit Score
700
Best for Unsecured bank business lines of credit
Max Amount
$150,000
Min. Credit Score
680
Best for Unsecured SBA lines of credit
Max Amount
$50,000
Min. Credit Score
680
Best for Unsecured business lines of credit for new businesses
Best for Fast unsecured business lines of credit
Best for Unsecured business lines of credit for bad credit
Max Amount
$150,000
Min. Credit Score
600
Best for Unsecured business lines of credit for building credit
Best for PNC customers
Max Amount
$100,000
Min. Credit Score
720
I'M INTERESTED IN:
Our pick for
Low interest unsecured business lines of credit
Bank of America’s business line of credit offers competitive interest rates, no annual fee and no draw fees. You’ll need to have strong credentials to qualify.
Bank of America Business Advantage Unsecured Line of Credit
Max loan
Undisclosed
Min. Credit score
700
Our pick for
Unsecured bank business lines of credit
Wells Fargo offers unsecured credit lines of up to $150,000 that are a good option for established businesses with strong credit.
Wells Fargo BusinessLine® Line of Credit
Max loan
$150,000
Min. Credit score
680
Apr range
10.25-18.25%
Our pick for
Unsecured SBA lines of credit
This SBA-backed unsecured line of credit offers up to $50,000. Borrowers with less than two years in business may be able to qualify.
Wells Fargo Small Business Advantage® Line of Credit
Max loan
$50,000
Min. Credit score
680
Apr range
13.00-15.00%
Our pick for
Unsecured business lines of credit for new businesses
Headway Capital offers lines of credit of up to $100,000. You may be able to qualify with a minimum of six months in business.
Headway Capital - Line of credit
with Fundera by NerdWallet
Max loan
$100,000
Min. Credit score
625
Apr range
35.00-80.00%
with Fundera by NerdWallet
Our pick for
Fast unsecured business lines of credit
Bluevine provides credit lines up to $250,000. The lender can approve and fund applications in as little as 24 hours.
Bluevine - Line of credit
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
625
Apr range
20.00-50.00%
with Fundera by NerdWallet
Our pick for
Unsecured business lines of credit for bad credit
You may be able to qualify for an Fundbox line of credit with a minimum credit score of 600. Credit lines are available in amounts up to $150,000.
Fundbox - Line of credit
Max loan
$150,000
Min. Credit score
600
Apr range
36.00-99.00%
Our pick for
Unsecured business lines of credit for building credit
OnDeck offers a flexible unsecured line of credit in amounts up to $100,000. Responsible spending can help you build your business credit history.
OnDeck - Line of credit
with Fundera by NerdWallet
Max loan
$100,000
Min. Credit score
625
Apr range
39.90-77.90%
with Fundera by NerdWallet
Our pick for
PNC customers
PNC offers an unsecured business line of credit with revolving terms. You’ll need a PNC business checking account to set up credit line payments. Lines of credit may be eligible for overdraft protection for your PNC checking account.
PNC Bank - Unsecured Small Business Line of Credit
Max loan
$100,000
Min. Credit score
720
What is an unsecured business line of credit?
How does an unsecured business line of credit work?
Secured vs. unsecured business line of credit
How to qualify for an unsecured business line of credit
- Personal credit score. You’ll typically need to have a minimum credit score of 600 or higher to qualify for an unsecured business line of credit. Although online lenders may accept bad or fair credit scores, banks will likely require good credit.
- Annual revenue. Most lenders have a minimum monthly or annual revenue requirement. This requirement can range anywhere from $50,000 to $250,000 per year, or more.
- Time in business. Lenders want to be able to see that you can successfully manage and sustain your company. You’ll usually need at least six months in business to qualify.
- Financial history. Unsecured business line of credit lenders will use your bank statements, other financial accounts and financial statements (e.g., balance sheets, cash flow statements) to evaluate your ability to repay potential debt.
Where to get an unsecured business line of credit
Banks and credit unions
Online lenders
How to get an unsecured business line of credit
1. Decide how much funding you need
2. Evaluate your business’s credentials and make sure you can qualify
3. Research and compare line of credit lenders.
- Maximum credit line amounts.
- Interest rates and additional fees.
- Repayment terms and renewal periods.
- Personal guarantee and/or UCC lien requirements.
- Funding speed.
- Application process.
- Customer service and lender reputation.
4. Gather your documentation and submit an application
- Basic information about you and your business.
- Business and personal bank statements.
- Business and personal tax returns.
- Business financial statements.
5. Review and sign your loan agreement
Find the right business loan
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.