Funding solutions
Home equity line of credit (HELOC)
Put the equity in your home to work for your business, with low rates and long repayment terms on a flexible line of credit.
What you can use it for
Flexible draws
Borrow what you need, when you need it, up to your approved limit.
Low rates, long terms
Because the line draws on your home equity, rates are often lower and repayment terms longer than unsecured options.
Use it for your business
Fund growth, equipment or a cash cushion using equity you have built.
How it works
A HELOC is a revolving line of credit secured by the equity in your home. You can draw funds during a set draw period and repay over time. Availability, rates and terms depend on your credit, income and property.
Is it a good fit?
- Owner of a home with available equity
- Good personal credit
- Verifiable income
- Property in an eligible state
Typical guidelines. Requirements vary by program.
Frequently asked questions
What can I use a HELOC for?
Many business owners use a HELOC to fund growth, buy equipment, cover seasonal gaps or keep a cash cushion on hand.
How much can I borrow?
It depends on your home value, existing mortgage balance, credit and income, as set by the lender.
Is it available in my state?
Availability varies by state and lender. A specialist can tell you what is available where you live.
Other funding options
Not all applicants qualify. Approval, amounts, rates and terms depend on review of your application. Merchant cash advances and invoice factoring are not loans.