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Riverhead Financial Partners

Financing

Business Line of Credit

Revolving capital you can draw against, repay, and draw again. You only pay for what you use — the calm answer to lumpy revenue and recurring gaps.

Approval range$10K – $2M
Speed1–5 business days
Rate6.75% – 10.49% APR

Key terms

The facts, up front.

Approval range
$10,000 – $2,000,000
Structure
Revolving — reuse as you repay
APR (secured)
6.75% – 10.49%
APR (unsecured)
12% – 13.75%
Term
12 – 24 month renewable
Funding speed
1–5 business days
Typical fit
680+ FICO · 2+ years in business

The true cost

Estimate your draw cost

Move the inputs to see the real numbers. We show total repaid and the effective rate — nothing hidden.

$350,000
24 mo
LOC Type
Personal credit

Est. payment if fully drawn

$16,552

Interest cost

$47,250

Total repaid

$397,250

APR

6.75%

Principal88%Interest12%

You only pay for what you draw — interest runs on the full drawn amount for the term. Rates as of September 2, 2026.

A strong fit when

  • Recurring or seasonal gaps between money out and money in
  • Having capital in place before the emergency, not during it
  • Businesses with lumpy revenue that need a buffer on standby

Probably not when

  • A single large one-time purchase — a term loan costs less
  • Covering chronic operating losses

How the process actually works

You only draw — and only pay interest — when you actually need the money. The line sits ready in between.

Matching runs on a soft pull; a hard pull happens only when you accept a specific offer.

Questions

Business Line of Credit, answered.

On most lines, interest accrues only on your outstanding balance. Some partners charge a small maintenance or draw fee — we'll flag it before you commit.

  • Secured lines require eligible collateral; unsecured lines price higher.
  • Rates depend on credit and collateral. Lines are arranged through our lending-partner network.

Business Line of Credit

See if this is your best option.

One application, and the matching algorithm surfaces every partner built for your profile — so you can see whether this product is truly your best fit.

Soft-pull first — no score impactor call (800) 655-2151