Draw funds when timing gets tight. Lines sized from your deposits, about three months of bank statements, and a 5-minute application.
Apply NowRhode Island Line of Credit
Rhode Island businesses with slow-paying clients, seasonal swings or phased projects use a line of credit to cover gaps as they come up.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
5-minute application, about three months of statements, funding in as little as 24 hours for qualified businesses.
FICO 500+ considered. We open with a soft credit pull.
Your offer shows the full repayment amount on what you draw. No surprise costs after you sign.
How repayment works is laid out in your offer before you accept.
Fast decisions. Applying takes about 5 minutes.
A short application. A soft credit pull to start.
We review revenue, time in business and bank activity, not just a credit score.
You see the amount, the schedule and the full repayment amount before you sign.
Funding in as little as 24 hours for qualified businesses.
Not every cash need shows up all at once. A boatyard in Bristol might need parts one month and extra labor the next. A Providence design firm might wait on a client invoice for weeks. A line of credit lets you draw what you need, when you need it, instead of taking one large lump sum up front.
For Rhode Island owners who deal with uneven timing more than one big project, that flexibility is the point.
We start with a 5-minute application and about three months of business bank statements. No tax returns are required. We begin with a soft credit pull, and FICO 500+ is considered.
The line size depends mainly on your deposits and the obligations already drawing on your account. We work with established businesses that have steady deposits, and sole proprietors can apply. Your offer explains how draws and repayment work before you accept, including the full repayment amount on what you draw.
A line works best for recurring, short-term needs. For a single large purchase, other products may fit better.
A line of credit is most useful when draws are tied to money you expect to collect. Drawing to cover payroll while a client invoice clears, then repaying as that invoice is paid, keeps the line working for you. Drawing repeatedly to cover ongoing losses is a different situation and can stretch cash flow thin. Before each draw, look at what is coming in over the next few weeks. Keeping a simple record of draws and expected receivables helps you stay on top of what you owe and makes the line a dependable tool instead of a habit. Your offer explains how repayment on each draw works, so read it with your own receivables calendar in hand.
Buying a specific machine or vehicle? See equipment financing in Rhode Island. Need a single lump sum? Compare working capital in Rhode Island. Funding can arrive in as little as 24 hours for qualified businesses. Apply here to see your options.
Working capital is a single lump sum. A line of credit lets you draw funds as needs come up, within the limit in your offer.
We fund from $25,000 to $5,000,000. Your deposits and existing obligations are the main drivers.
No tax returns are required. We review about three months of business bank statements.
We start with a soft credit pull. FICO 500+ is considered.
Sole proprietors can apply, as long as the business has steady deposits we can review.
Example uses for illustration only.
Get the most from a line of credit with a few habits.
One secure application. A soft credit pull to start. No obligation to accept an offer.
Apply for Funding