Write your story of business growth
Business line of credit with limits of up to $250,000
Pay for what you use
Each draw recants a new repayment term
We look forward to working with you and helping you Charge Your Business Forward™.
Business line of credit with limits of up to $250,000
Pay for what you use
Each draw recants a new repayment term
We look forward to working with you and helping you Charge Your Business Forward™.
Business line of credit with limits of up to $250,000
Pay for what you use
Each draw recants a new repayment term
The Idea Financial Line of Credit is the most flexible way to fund your business. Each time you draw, your repayment term gets extended and your payments are spread out again, giving you the ability to see lower payments. All payments are part of the same schedule and there are no fees when prepaying.
Fast approvals, next-day funding
Get low payments with long repayment periods
Pay for what you use from your credit limit
Getting a business loan in the form of a line of credit gives you control of your working capital. The Idea Financial Line of Credit provides cash at hand for purchasing new equipment or inventory, hire and train new personnel, refinance existing loans and more. The point being, you decide best how to invest in your business to help it grow.
The Idea Financial Line of Credit is the most flexible way to fund your business. Each time you draw, your repayment term gets extended and your payments are spread out again, giving you the ability to see lower payments. All payments are part of the same schedule and there are no fees when prepaying.
Fast approvals, next-day funding
Get low payments with long repayment periods
Pay for what you use from your credit limit
Minimum Time in Business
Personal Credit Score
Business Monthly Revenue
Not a Sole Proprietorship or Non-Profit Entity
2 or more years in business
$15,000 or more in monthly revenue
650 or higher personal credit score
Not a sole proprietorship or non-profit entity
Save time with our fast, cost-free application process.
We offer the best working capital solution for your business.
Withdraw the funds you need, when you need them.
2 or more years in business
$15,000 or more in monthly revenue
650 or higher personal credit score
Not a sole proprietorship or non-profit entity
No origination or annual fee
Doesn't affect your personal credit
Paperless application
Quick approval and funding
Build business credit
Dedicated business advisor
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Our 3 step application form takes less than 1 minute to complete.
Subject to status, you will receive a same day decision.
Funds should be accessible within 24 hours.
Our dedicated team of business advisors wants to see your business grow with the right financing options.
We're a team of experienced business advisors and financial service professionals who understand the challenges of running a business. Each business is different and understanding the different financing needs is what we specialize in. We came together to create funding solutions that empower your business.
Our line of credit is a truly revolving, credit line with no annual fees and no repayment penalties. This means that you can withdraw funds and make payments as needed with interest accruing daily on any outstanding balance. Payments are due weekly, bi-weekly or monthly and are setup so that you repay the amount owed over long repayment terms, which makes your payment amount low. Every time you make a draw, your repayment period starts all over again, giving you the ability to see even lower payments.
We will conduct a "soft pull" or "soft inquiry", which means that your credit score WILL NOT be affected.
Even if you don’t need financing today, securing your line of credit ensures that funds will be available to you when the need arises. Unlike a term loan that requires you to start paying on the full amount immediately, the Idea Financial Line of Credit enables you to draw funds as needed, only paying for the funds used.
There is no cost to apply for financing from Idea Financial. Our application is risk free, has no costs, and doesn't affect your personal credit score.
Idea Financial can provide a decision in minutes if we have all the necessary information and you link your bank account. Funding can become available within a business day.
This depends on your choice of transfer method. If you use an ACH transfer, funds will reach your account within one (1) business day. For some local and regional banks, it may take longer for the ACH transfer to arrive. If you choose to wire funds, then the funds reach your account almost instantly.
For your convenience, we process payments automatically on a weekly, bi-weekly, or monthly basis. Should you wish to make a payment in addition to your weekly, bi-weekly, or monthly payment, you can do so logging into your Idea Financial account online and submitting a payment. You can also call your Business Advisor.
Interest is calculated daily on the amount owed (i.e. the outstanding balance on your Idea Financial Line of Credit account). We apply the daily interest rate to the outstanding principal to arrive at the daily accrued interest. If there is any accrued interest, when you make a payment we apply the payment amount to the accrued interest first, then to any outstanding balance. The more payments you make, the lower your balance would be and the lower your interest cost would be as well.
No. You have 30 days from the account opening date to use your line of credit. If you do not make a draw within the first 30 days, the account will be closed. If you make a draw within the first 30 days, your line will remain open so that you can draw again.
No, there are no fees to keep your Idea Financial account open.
You agree that Idea 247, Inc. (“Idea Financial”) or its representatives or agents may call, text, or email you at the number and/or email provided above. You may opt out of receiving communications of your choice from Idea Financial as provided in the Privacy Policy. By clicking Get Started you agree to our Terms of Service and Privacy Policy.
By submitting your Credit Application (the “Application”) to Idea 247, Inc. (“Idea Financial”), you represent to Idea Financial, its agents and assignees, and you acknowledge and agree that (i) if the Application is by a company, you are authorized to apply on behalf of the company whose full legal name appears above under the Business & Personal Information portion of the Application for credit from us, (ii) the loan requested by the Application will not be used for any illegal or prohibited purpose, (iii) all information you provide within the Application and other supporting documents is true, complete and correct as of the date of the Application and (iv) Idea Financial may continuously rely on the information contained in the Application and you will notify us of any material changes to such information.
You understand and agree that Idea Financial and its agents and assignees are authorized to contact third parties to make inquiries in evaluating the Application, including, but not limited to, consumer or personal, business and investigative reports, and other information about you, including credit card processor statements and bank statements, from one or more consumer reporting agencies, such as TransUnion, Experian and Equifax, and from other credit bureaus, banks, creditors, or other third parties.
You understand and agree that the information provided within the Application may be provided to third parties to use the information for any lawful purpose, including for the purpose of offering credit and/or other products and services to the signing individual(s) and/or the company.
You further understand and agree that Idea Financial may transmit the Application, along with any of the foregoing information obtained in connection with the Application, to any or all of Idea Financial’s agents and assignees, including prospective agents and assignees, for the forgoing purposes.
The data you provide to us is used to find the best financing solution for your business and it is stored according to our Privacy Policy. We use advanced encryption to ensure your information is secured.
