A credit line you draw on when you need it.
Get approved once, then draw what you need, when you need it. You only pay for the money you actually use.
Applying does not commit you to an offer.
How it works.
A line of credit sets a limit your business can borrow against. Draw part of it or all of it. Repay what you’ve drawn, plus interest or fees, and that amount opens back up.
It’s built for ongoing needs: covering payroll while you wait on a big customer, buying inventory ahead of a rush, or keeping a cushion for the repair you didn’t plan for.
A good fit if you
- Have expenses that come and go
- Want a cushion without borrowing it all today
- Get paid on a delay but owe bills now
- Want to pay only on what you use
What we’ll ask for.
The application takes about two minutes. If you move forward, an underwriter will ask for these.
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Photo ID
A driver’s license or passport for each owner.
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Business bank account
The account the funds go into, with its routing and account numbers.
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Three months of statements
Recent business bank statements, so we can see your sales and cash flow.
Questions? (516) 751-4764
Questions about lines of credit.
If yours isn’t here, call or email us at (516) 751-4764 or processing@blackstonefinancials.com.
Is a line of credit better than a loan?
A loan suits one large, planned expense with a fixed schedule. A line suits recurring or unpredictable needs. If you’re not sure, apply and we’ll tell you which fits.
Do I pay anything if I don’t draw?
You’re charged on what you draw. Some lines carry account or draw fees; any fees are listed in the agreement before you sign.
How do I get the money?
Request a draw and the funds go to your business bank account, usually by ACH.
Can I use it more than once?
Yes. As you repay, that amount becomes available to draw again for as long as the line is open.
See what your business qualifies for.
Apply online in about two minutes. Nothing happens until you agree to the terms.