CORE FACILITY
Flex line of credit
An approved limit you draw against and pay for only when you use it. Built for businesses whose cash need moves week to week rather than arriving all at once.
- Size
- $10,000 – $250,000
- Term
- 6 – 24 month draw periods
- Speed
- 2 – 5 business days to approve
- Best for
- Uneven, repeating cash gaps
What this actually costs
- Amount funded
- $50,000 drawn
- Total dollar cost
- $4,100 over 6 months
- Payment schedule
- $9,017 monthly for 6 months
- Annualized rate
- 27.9% APR equivalent
Illustrative only. Your actual terms depend on your business and the funder.
How it works
- 01
You get approved for a limit
One underwrite establishes the ceiling. You don't take the money yet.
- 02
You draw what you need
Request a draw and it lands in the business account, usually same or next day.
- 03
You pay on the drawn balance
Cost accrues on what's outstanding, not on the whole limit.
- 04
You repay and the room comes back
Repaid principal becomes available again for the next gap.
Lines are usually quoted as a monthly draw fee — 2%, 3% — which sounds small and annualizes into something much larger. We show the cost of an actual draw over an actual repayment period, in dollars, so you can compare it to a term loan honestly.
When it fits
- Your cash gap repeats and you can't predict its size.
- You bill on terms and get paid 30 to 60 days later.
- You want capital standing by without paying to hold it.
- Your season swings hard and you know the shape of the swing.
When it's the wrong tool
- You need one large amount for one known purchase — take a term loan.
- You'd treat the limit as revenue and stay drawn permanently.
- The underlying problem is that nobody is chasing your receivables.
Common uses
- A staffing firm covering payroll between client payments.
- An HVAC company stocking units before the first heat wave.
- A wholesaler bridging a 60-day term from a big-box buyer.
- A contractor funding materials on three overlapping jobs.
Questions
- Do I pay for money I haven't drawn?
- On most flex lines, no — cost accrues on the drawn balance. Some funders charge a small maintenance fee. We disclose it on the quote.
- How fast is a draw?
- Usually same or next business day once the line is open.
- Does the limit reset?
- Repaid principal typically becomes available again during the draw period.
- Can I have a line and a term loan at once?
- Sometimes, and sometimes it's a bad idea. We'll tell you which one this is before you take the second facility.
- What kills a line renewal?
- Staying fully drawn for months, overdrafts, and negative days. Underwriters read the statement, not the intention.
See what you'd actually pay.
Three documents to start: the last four months of business bank statements, a driver's license, and a voided check. That's the whole file to get options back.
FundMainStreet.com is a financing arranger, not a lender or a bank. We connect business owners with third-party funding partners and are compensated by those partners when a transaction closes; we disclose that compensation to you before you sign. Approval, terms, and funding are determined solely by the funding partner. Merchant cash advances are purchases of future receivables, not loans. All figures shown on this site are illustrative and are not an offer or commitment to fund.