Home equity line of credit for business owners
A fixed-rate line of $15,000 to $750,000 against the equity in your home, at the monthly payment and rate of a mortgage instead of the cost of an advance. There is no time in business or revenue minimum.
Coming soon. We are not taking home equity applications yet.
Questions? Call or text (727) 303-2220.
Need capital sooner? Merchant cash advances, lines of credit and term loans are open today.
When your home is the cheapest capital you own
Plenty of owners have equity sitting in a house while they pay a factor on an advance. An advance is the right tool when you need money fast and have nothing to pledge. It is the wrong tool for a slow project, a buyout of expensive positions, or a business too new to show deposits. A home equity line turns that equity into a fixed-rate line you draw once and pay down monthly over years, and you can draw again as room opens up.
The trade is real and we say it plainly: the line is secured by your home, so treat it as a mortgage, not as working capital you can miss a payment on. If the numbers do not favor it, we will tell you that and show you what does fit.
Home equity line, cash advance, or term loan?
Each one wins for a different shape of need. The line wins on cost and on files with no business history. The advance wins on speed and on owners who rent. The term loan wins on bigger fixed projects with steady deposits behind them.
Scroll the table sideways to compare all three.
| Home equity line (coming soon) | Cash advance | Term loan | |
|---|---|---|---|
| Secured by | Your home | Nothing specific (UCC lien + guarantee) | Usually a UCC lien + guarantee |
| Structure | Fixed-rate line, drawn at closing, redraw as you pay down | One lump sum up front | One lump sum up front |
| Term | 5 to 30 years | 3-36 months | Up to 10 years |
| You pay | Monthly principal and interest | A fixed payback, daily or weekly | Monthly amortizing payments |
| Typical size | $15K - $750K | $10K - $2M | Sized off deposits and the project |
| Speed to money | As soon as 5 business days | Usually the fastest of the three | Usually slower than an advance |
| Approval leans on | Home equity, credit, verified income | Deposits above all | Deposits + time in business |
| Time in business | None required | 6+ months in business | A longer track record, usually |
| Best for | Owners with equity who want the lowest monthly cost | One-time need, fast | Bigger fixed projects |
What it will take to qualify
These are the lending partner's published terms. They can change before we open applications.
| Line size | $15,000 to $750,000 |
| Rate and term | 7.25% to 14.70% fixed, 5 to 30 years |
| Credit score | From 600 on a primary home. About 660 to 680 on a second home or investment property. 720 and up gets the best rates |
| Equity | Up to 85% combined loan-to-value, including your current mortgage |
| Income | Verified income and employment. Employed, self-employed or retired all work. Up to 50% debt-to-income |
| Time in business | No time in business or revenue minimum |
| Property | Single-family, townhouse, most condos and PUDs. Primary home, second home or investment property. Not co-ops, buildings with 5 or more units, or manufactured homes |
| Title | Held in your name, jointly, in a revocable trust, or by an LLC |
| Costs | Up to 4.99% of the initial draw, taken from proceeds. No appraisal under $400,000 in most cases. No application, annual or prepayment fees |
| Speed | Approval can come in minutes. Funding can land as soon as 5 business days, closing with a remote online notary where your county allows it |
Not available in every state. Florida is covered.
Home equity line questions
Can I apply for a home equity line today?
Not yet. Coming soon. We are not taking home equity applications yet. If you have questions in the meantime, call or text (727) 303-2220.
Is this a HELOC?
Yes. A home equity line of credit secured by a home you own, placed through a home equity lending partner once we open it. The full line is drawn at closing at a fixed rate, and as you pay it down you can draw again during the draw period. It is a second lien if you have a mortgage, or a first lien if the home is paid off.
Do I need time in business or a revenue history?
No. The line is underwritten on your home equity, your credit and your verified income, not on business bank deposits. That makes it a fit for a brand-new business or a file an advance funder has declined.
What does it cost?
APRs run 7.25% to 14.70% fixed. The lowest rates go to the strongest credit profiles on ten-year terms. There is an origination fee of up to 4.99% of the initial draw, taken from proceeds, and no application, annual or prepayment fees. Loans under $400,000 usually close with no appraisal.
My home is titled in an LLC or a trust. Does that work?
Yes. The line is available on property held in your name, jointly, in a revocable trust, or by an LLC.
How is this different from a cash advance?
An advance is unsecured, is usually the fastest to fund, and costs a fixed factor on the amount. A home equity line is secured by your home, can fund as soon as 5 business days, and costs a mortgage-level rate over years. For an owner with equity who wants the lowest monthly cost, the line usually wins. For speed with nothing pledged, the advance wins, and advances are open today.
Home equity lines are coming soon
Coming soon. We are not taking home equity applications yet.
Questions? Call or text (727) 303-2220.