Hours: 8.00am - 6.00pm EST

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$5,000

Start, Up to $1 million

Ideal for fast access to funds

A Line of Credit that businesses can depend on

Our line of credit gives your business continuous access to working capital when your business needs it the most.

Flexible Payments

The business only pays back the amount drawn plus any interest or other fees that may be charged.

Term Options

Amortization from 3–18 months (the term may reset every time you draw capital).

Cost and Fees

An interest charge or fixed fee will be charged, other fees may also be charged.

Line of Credit

Immediate Access to Capital From Your Business

A line of credit is a flexible financing option that allows quick access to a defined amount of working capital. The way it works is a business is approved for a set amount of credit and has access to that amount through a streamlined process which allows for easy access to drawing on the approved amount when needed. The full amount does not need to be drawn at one time, your business can conveniently draw on as much or as little working capital as it needs, up to the approved amount. Businesses are only responsible for repaying the funds they used, plus any interest or other fees that may be charged.

Hawthorne Business Capital’s line of credit is extremely flexible and gives your business access to the working capital it needs, when it needs it most. As mentioned, a business line of credit is ideal for repeat cash flow needs. It’s also a great option for obtaining working capital to pay for unexpected expenses or exciting new business opportunities. Hawthorne Business Capital offers and facilitates access to financing from $5,001 up to $250,000*. Best of all, the amortization terms can vary from three to eighteen months*. Payments on the outstanding balance can be made with fixed daily, weekly, or monthly payments that are automatically withdrawn from the business bank account on file.

“Hawthorne Business Capital works closely with many funders that offer simple solutions to obtaining funds through a line of credit”

ONLINE AUTOMATED

Application Process

Start your business application and tell us about your company, goals, and objectives. We recommend having the necessary paperwork on hand to make the process even faster (i.e. driver’s license or passport, business bank statements).

Our team will carefully review your business financing application. One of our trusted business advisors will reach out if we need any additional information.

If approved, our team will send your business’ funds to the business bank account provided. This can be as quick as a few minutes, so be on the lookout!

When ready, come back and draw on your businesses line of credit up to the approved amount.

Line of Credit with Hawthorne Business Capital

Trusted by over 30 thousand businesses around the country

A dedicated team of business advisors to help you navigate the best financing options

Easy access to additional funding needs

Innovative digital technology that streamlines the financing process

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A valid form of
identification
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Business bank account number and routing
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Last three months of business bank statements
LINE OF CREDIT

FAQs

The type of product that is ideal for your business depends on the need for capital, the desired repayment terms, and the amount of capital needed, among other business-related factors. A loan is ideal for businesses looking for traditional financing with a higher capital amount and potentially longer repayment terms.

A line of credit is ideal for businesses that have repeated cash flow needs. It can also be used for a variety of short-term needs, such as managing payroll or covering unexpected costs. A line of credit allows you to repeatedly draw on funds, up to the maximum credit amount approved, while making regular payments to pay off only what you’ve drawn and any associated fees or costs.

With a loan, the business needs to pay back the entirety of the loan including any associated interest charges or fixed fees.

Determining whether your business should apply for a line of credit or a business credit card depends on how much working capital your business is looking for, whether or not your business prefers to set terms and payments, or if your business is looking to get some perks.

A business credit card usually has a set credit limit which can be used at any time. Business credit cards also come with a set interest rate and monthly payments. Some even offer cash back. A business credit card could be useful if your business would rather get these additional perks.

A business line of credit can potentially have a higher credit limit depending on what the business is approved for. Lines of credit come with daily, weekly, or monthly payments and have set terms, which may reset on every draw. A line of credit is a great option for businesses that have repeat cash flow needs or want to have working capital ready for any opportunity. This product allows business owners flexible access to working capital.

Determining whether your business should apply for a line of credit or a business credit card depends on how much working capital your business is looking for, whether or not your business prefers to set terms and payments, or if your business is looking to get some perks.

A business credit card usually has a set credit limit which can be used at any time. Business credit cards also come with a set interest rate and monthly payments. Some even offer cash back. A business credit card could be useful if your business would rather get these additional perks.

A business line of credit can potentially have a higher credit limit depending on what the business is approved for. Lines of credit come with daily, weekly, or monthly payments and have set terms, which may reset on every draw. A line of credit is a great option for businesses that have repeat cash flow needs or want to have working capital ready for any opportunity. This product allows business owners flexible access to working capital.

Applying for a business line of credit at Hawthorne Business Capital is simple and our online application only takes minutes to complete. We’ll ask a few questions about your business and request additional information, such as the owner’s information, last three months of bank statements, verification of identity, business information, and a business checking account. If approved, your business will have access to draw on the approved line of credit through our online client portal.

A line of credit works by giving businesses access to working capital that they can use at any given time. The business is responsible for paying back the drawn amount and any associated interest or other fees. Automatic payments are withdrawn from the business bank account.

Amortization can be from 3–18 months and may reset every time the business draws more capital from the line of credit.

Your business can draw from its approved line of credit at any time. The amount drawn will be deposited into the business bank account. You can then use the funds for your desired business purpose.