Line of Credit Calculator
How much credit could I qualify for?
See an instant estimate of your credit limit, monthly rate and payment, then slide to see what a draw would cost. No credit check, no obligation.
Estimated credit limit
$100,000
Preferred tier · draw only what you need
If I draw
$100,000
Estimated monthly rate
1.10%
charged on the balance you draw
Estimated payment
$4,764/mo
on $100,000 repaid over 24 months
Monthly interest on $100,000 would be about $1,100. Undrawn credit costs nothing.
- No impact to your credit score
- Instant estimate
- Based on your business profile
Applying takes about 2 minutes and won't affect your credit score.
* This calculator is for illustration only and is based on the information you enter. It is not an offer, a commitment to lend, or a quote, and it does not check your credit. Actual amounts, rates and terms depend on your business bank statements, credit and the lender, and may be higher or lower. Funding subject to approval.
Reading your estimate
Three numbers came back, and two behave differently from a term loan's.
The limit is what you can draw, not what you owe
A $100,000 limit with nothing drawn is a $100,000 line you owe nothing on. Repay what you draw and the full limit is back within reach.
The rate applies to the balance, not the limit
The monthly rate is charged on what you have drawn. On a $100,000 limit with $20,000 outstanding, it applies to the $20,000.
The payment moves with the balance
Draw more and the payment rises; repay and it falls. That is the trade for flexibility: you only pay while you are using the money.
A safety net for the month you need it.
Owners keep a line open for payroll gaps, parts and inventory, and slow seasons, and only pay when they draw.
Frequently asked questions
How accurate is this line of credit calculator?
It is an estimate based on what you enter, not an offer. It models the credit limit and monthly rate a business with your profile typically sees. A real limit comes from your recent business bank statements, so the final number can be higher or lower.
Does using the calculator affect my credit score?
No. It runs entirely on what you type and never checks a credit bureau. Your credit score here is self-reported.
Do I pay on the whole limit?
No. The rate applies to the amount you actually draw, not the whole limit. An unused line accrues nothing, which is why a line of credit is a useful safety net to have open.
Why does my payment change?
A line of credit payment tracks what you owe. Draw more and it rises; repay and it falls, and the available limit comes back so you can draw again without reapplying.
Which product is right for me?
A line of credit suits recurring or unpredictable needs like payroll gaps, inventory and seasonal swings. A term loan suits a defined amount and purpose. Your advisor can compare both side by side.
Need a lump sum instead? Try the funding calculator.