Financing
HELOC
A Home Equity Line of Credit lets an owner draw against the equity in a personal residence to fund the business — revolving capital you draw, repay, and redraw. Because it's secured by your home, the rate is among the lowest available. It is also consumer credit with your house as collateral, and we won't let you forget that.
Key terms
The facts, up front.
- Approval range
- $25,000 – $3,000,000 (by home equity)
- Structure
- Revolving — draw, repay, redraw
- Rate
- Variable, tied to Prime — from 7.75% APR
- Combined LTV
- Up to 85% CLTV
- Draw period
- Up to 10 years (interest-only)
- Repayment period
- Up to 20 years (amortizing)
- Funding speed
- 2–6 weeks (appraisal + title)
- Credit pull
- Soft to pre-qualify · hard at application
- Collateral
- Your primary residence
- Typical fit
- 680+ FICO · meaningful home equity
The true cost
Model your draw & repayment
Move the inputs to see the real numbers. We show total repaid and the effective rate — nothing hidden.
Secured by your home, at a variable rate near Prime (6.75%). Your payment can rise if Prime does — and your home is the collateral.
Interest-only payment while drawing
$969
Then repayment/mo
$1,800
Total interest
$124,144
APR (variable)
7.75%
Interest-only during the draw period, then principal + interest. Variable rate — illustrative, not an offer. Rates as of September 2, 2026.
A strong fit when
- Owners with real home equity and strong personal credit who want the lowest-cost revolving capital
- Funding the business when business-side credit isn't there yet — but home equity is
- Long, flexible access to capital you only pay for when you draw
Probably not when
- Owners unwilling to put a personal residence on the line
- Speed-critical needs — appraisal and title take weeks, not days
- Anyone without meaningful equity in a home to borrow against
How the process actually works
Be clear-eyed: this is consumer credit secured by your home. We start with a soft pull to pre-qualify; a hard pull, appraisal, and title work follow at formal application. The rate is among the lowest available — because the collateral is your house. We say that out loud before you sign.
Often used by
Industries that lean on this.
Questions
HELOC, answered.
- A HELOC is secured by your personal residence. If you cannot repay, your home is at risk.
- The rate is variable and moves with Prime, so your payment can rise. Limit and approval depend on home equity, combined LTV, and personal credit.
- Consumer-purpose credit used for business needs. HELOCs are arranged through our lending partners.
HELOC
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.