Business Line of Credit
Flexible cash flow, ready when you need it.
Talk to an underwriter at (555) 123-4567
What it is
A Sprint line of credit is a revolving facility you can draw against repeatedly, similar to a business credit card without the card. You only pay for what you use, which makes it a strong fit for managing seasonal cash flow, covering payroll between payments, or stocking up on inventory ahead of a busy stretch. We approve the limit, we monitor the line, and we keep it open as long as the business stays in good standing.
A line of credit gives you access to a credit limit. You draw funds when you need them, pay interest only on the outstanding balance, and the available balance refills as you pay it down. Some lines are unsecured, others are secured by business assets or specific collateral such as inventory or receivables. We underwrite the line in-house and decide what works for your file.
How line of credit funding works
The path from a quick conversation to money in your account.
Submit a quick file
Send three months of business bank statements and a short application. No hard credit pull at this stage.
We underwrite in-house
A Sprint underwriter reviews the file end to end and walks you through the offer in plain English — amount, term, rate, fees, prepayment.
Sign and fund
Sign the loan documents electronically, we verify, and we wire the funds to your business account.
Is this right for you?
Honest pros and cons. Read both before you decide.
Pros
- Pay interest only on what you draw
- Funds are reusable as you pay them down
- Useful safety net for unexpected expenses
- Lighter underwriting than a term loan of the same size
Things to watch
- May carry a small annual or maintenance fee
- Unused lines can be reduced if revenue softens significantly
- Smaller limits at the early stages of a business
- Strong personal credit usually required for the best terms
What we will need from you
A short, predictable list. Most owners gather this in under an hour.
- Three to six months of business bank statements
- Most recent business tax return
- Driver license for each owner with 20 percent or more ownership
- Voided business check
- Brief description of business and intended use of the line
Line of credit questions
What owners ask us most when they are weighing this product.
Do I have to draw the full amount right away?
No. The advantage of a line of credit is that the limit sits there ready and you only borrow what you need, when you need it.
Will Sprint keep my limit available forever?
We review lines annually. As long as the business stays in good standing and you continue to use the line responsibly, the limit stays in place and often grows with you.
How are payments structured?
Most draws are repaid in fixed weekly or monthly installments over six to eighteen months. We tell you the payment structure for each draw before you take it.
Can I use a line of credit for any business purpose?
Generally yes, as long as it is a legitimate business use. Owners use it for inventory, payroll, marketing, repairs, and to cover gaps between client payments.
Related products
Other options small business owners often weigh next to line of credit.
Small Business Term Loan
A traditional installment loan from Sprint with a clear amortization schedule and predictable monthly payments.
Learn moreEquipment Financing
Finance trucks, machinery, kitchen equipment, medical and dental gear. The equipment secures the deal.
Learn moreInvoice Factoring
Sell your B2B invoices to Sprint and get most of the value up front, with the remainder paid when your customer pays.
Learn moreTalk to us about line of credit.
A Sprint underwriter will look at your situation and tell you straight whether this is the right fit — or whether something else makes more sense.
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