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Some owners borrow against their home to fund the business.
✓ Checking what you qualify for does not affect your credit score.
At Merchant Fund Express, we compare structures on total dollars repaid and the rhythm of payments, and we publish our own terms so you can do the same.
Some owners borrow against their home to fund the business. A HELOC can be cheap, and it puts the house behind the business. A business line of credit keeps the risk inside the company.
| Business line of credit | Home equity line (HELOC) | |
|---|---|---|
| Secured by | The business’s cash flow | Your home |
| Personal risk | Personal guarantee may apply | Home can be at risk |
| Cost | From 1% per month, 2.49% per draw (ours) | Often lower rate |
| Speed | Same-day decision, next-day funding | Weeks |
| Where the debt sits | Business | Personal |
A question to ask first: These are illustrative figures to show the arithmetic, not an offer; your offer shows the amount, schedule and total cost before you sign.
| Item | Figure |
|---|---|
| If the business struggles | Would you rather risk the company or the house? |
Compare any offer on total dollars repaid and the rhythm of payments, not on a single rate. Use the factor-rate calculator and how much can I borrow to test your numbers. The minimum FICO is 500, and the better your credit, the better your offer.
Source: Merchant Fund Express. Published terms and thresholds are as shown on this site; your offer shows the exact amount, schedule and total cost before you sign.
Often the rate is lower, but compare it with the risk to your home and the time it takes to set up. Merchant Fund Express shows the exact amount, schedule and total cost in your offer before you sign.
Yes, but keep personal and business debts separate in your records. Merchant Fund Express publishes its terms and thresholds before you apply.
Apply with Merchant Fund Express: same-day decision, and applying takes a few minutes without affecting your credit score.
