A line of credit is the one product on this list where "how fast can I get it" has two different answers. There is the time it takes to get the line approved and opened, and there is the time it takes to pull money from a line that already exists. The second is usually fast. The first is not always a single day. This guide separates the two clocks so you can plan honestly, and shows how to use fundivi business lines of credit so that the next cash crunch costs you minutes and not days.
To see where you stand, run a quick prequalification. It uses a soft inquiry and takes about three minutes.
Two Clocks, One Product
- Setup clock: What it measures: Application to an approved, open line; Typical speed: fundivi publishes mixed signals: the spec table lists 1 to 3 days, while the page header says decision in hours and wired same day
- Draw clock: What it measures: Request to money in your account once the line is open; Typical speed: Draws are described as available on demand. Confirm the exact timing in your agreement
We are showing you both versions of the setup clock because that is what the product page does. A decision within hours is possible for a clean file. Planning around one to three days is safer. If you need cash today, and no line exists, that is what working capital is for, and the line is better treated as the tool you build before the emergency.
The Product on Paper
- Amount: $10,000 to $1,000,000
- Structure: a 12 month revolving line, renewable
- Cost basis: interest accrues only on the drawn balance, not on the whole line
- Availability: repaid amounts restore your available credit
- Time in business: 1 year or more
- Monthly revenue: $15,000 or more
- Credit: 600 FICO or higher
- Documents: three months of business bank statements, a voided business check and a copy of your driver's license
The page calls it the most flexible product fundivi offers for managing working capital swings, and describes the tagline as "capital, on tap." It also gives an honest warning that deserves repeating: use the line as a buffer, not as primary funding, because a fully drawn balance held for a long time can become costly. The page does not list rates or draw fees, so ask for them in writing before you sign.
How a Draw Cycle Works
Here is a simple picture using a $100,000 line, purely as an illustration.
- Action: Line opens; Drawn balance: $0; Available credit: $100,000
- Action: Draw $30,000 for a supplier deposit; Drawn balance: $30,000; Available credit: $70,000
- Action: Customer pays, repay $10,000; Drawn balance: $20,000; Available credit: $80,000
- Action: Draw $15,000 for payroll in a slow week; Drawn balance: $35,000; Available credit: $65,000
- Action: Big invoice lands, repay $35,000; Drawn balance: $0; Available credit: $100,000
At every step interest applies only to the money actually drawn. At the end, the line is whole again and "stays available for the next opportunity," in fundivi's words. That is the entire appeal. You pay for the days you use the money and not for the days you only might.
Same Day Funding or Three Days? Planning an Open Line
If you are approved the fast way, the process may take hours. If not, it may take up to three days. Plan for the slower version and you will finish early. On day one, apply early with full statements, ID and a voided check. On day two, the underwriting engine reviews deposits, balances and obligations, with extra attention to consistency because the line renews over a year. On day three, you review the written offer, including the line size, term, renewal and itemized fees, then sign and draw. A same day finish is a bonus, not a promise.
What Underwriters Look for in a Line
Lenders think about a line differently from a lump sum, because the borrower decides when to borrow. That means they want to see signs of discipline.
- Steady revenue. The product page targets businesses with predictable revenue but episodic capital needs.
- A healthy cash cushion. A balance that sits near zero looks stretched.
- Controlled obligations. The more already committed, the lower the limit.
- Time in business. One year is the minimum, and more history helps.
- A reason for the line. Covering payroll in slow weeks, buying inventory before a busy season and capturing supplier discounts are the use cases the page names.
Sizing Your Line: A Worked Example
A catering company has about $45,000 in monthly revenue and a predictable pattern. Every spring and fall, wedding and event season requires roughly $30,000 of food and staffing costs a month before clients pay their balances. In the quietest months, a $12,000 payroll gap appears when two large invoices run late.
To size the line, the owner adds the biggest predictable gap, $30,000 for a peak month, to the margin for the unexpected, roughly 25 percent, and rounds to $40,000. A $250,000 line would look impressive, but the owner would be tempted to use it, and the business would carry costs it did not need. A line sized to the real pattern gets used, repaid and used again, which is exactly the behavior underwriters like to see. Run the same exercise for your own business, using twelve months of statements, and you will arrive at a number you can defend in one sentence.
A Year With a Line: The Calendar View
- January and February: Typical pressure: Slow sales, fixed rent and payroll; How the line helps: Small draws cover fixed costs until spring
- March to May: Typical pressure: Inventory and staffing ahead of the busy season; How the line helps: Larger draw to buy early, repaid as sales arrive
- June to August: Typical pressure: Strong sales, good cash; How the line helps: Repay to zero and rebuild the cushion
- September and October: Typical pressure: Supplier discount windows; How the line helps: Draw to capture a discount, repay within weeks
- November and December: Typical pressure: Holiday build and delayed customer payments; How the line helps: Bridge the gap between purchases and payments
The pattern repeats, which is why a revolving structure fits better than taking a new loan each time. Each cycle also builds a track record of drawing and repaying cleanly, which supports renewal and, in time, a larger limit.
Streamlined Application, Sized to Your Swings
The form is the same short one used across fundivi: business details, the amount and bank statements. What changes for a line is the number you put in the box. Size it to your biggest predictable gap plus a margin, not to the most your revenue might support. The cost calculator shows how different draw patterns would cost, and a consultation is available if you want help choosing.
Hybrid Funding Model: When the Line Is Not the Right Product Yet
Under a year in business or under $15,000 a month in revenue, a direct line is out of reach. Rather than a flat no, fundivi's hybrid funding model reviews the file once and, if it does not fit, hands it to a vetted lending partner with no resubmission. For line seekers this usually becomes a product conversation. An eight month old business might leave with working capital today and a path to a line later, all inside one application.
Best Rated Signals for Credit Lines
- Independent standing: A BBB Business Review seal for fundivi Inc
- Clear rules: Requirements published on the product page
- Honest guidance: A warning to use the line as a buffer, not primary funding
- Written terms: Offers with itemized fees
- Low risk to look: Soft inquiry prequalification and a consultation option
No star ratings are published, so none are claimed. Two things to press for because the page does not answer them: how interest is calculated on drawn amounts, and whether draws carry fees. Ask about auto renewal and what happens if the line goes unused.
Using a Line Without Letting It Use You
- Draw for a defined purpose with a defined repayment source.
- Repay when the cash arrives, not when the statement is due.
- Do not live on the line. A balance that never reaches zero is a loan in disguise.
- Keep some of the line unused for real emergencies.
- Review your drawn balance weekly, as part of a cash forecast.
Line of Credit or Something Faster?
- You need cash today and have no line: Working capital or a merchant cash advance
- You need a single large amount for a project: Business term loan
- You are waiting on one payment or a refinance: Bridge capital
- Slow paying customers cause the gap: Invoice factoring
- Your need is repeating and unpredictable: Line of credit
The funding product matcher can confirm your choice, and the how it works page walks through the full process. Read more in the resources section or learn about the team on the about page.
Line of Credit FAQ: What to Know Before You Open One
Can I get a line of credit in less than 24 hours?
Possibly. The product page header says decision in hours and wired same day, while the spec table lists one to three days. Both statements appear on the same page, so plan around the slower one. A clean file submitted early in the day gives you the best chance of the faster result. If you need cash today and have no line open, working capital is the product built for that, and a line of credit is better set up before the crunch arrives.
How is a line of credit different from a term loan?
A line is revolving. You draw what you need, pay interest only on the drawn balance and can borrow again as you repay, all within a 12 month renewable term. A term loan is a lump sum with a fixed payment on a fixed schedule, and you pay interest on the full amount from day one. A line suits recurring, unpredictable needs. A term loan suits a single defined project.
Do I pay interest on the whole line?
No. The product page says interest accrues only on the drawn balance, not on the full line. If you have a $100,000 line and have drawn $30,000, you pay on $30,000. Repaid amounts restore your available credit. That is what makes the structure efficient for seasonal swings, but ask for the rate and how interest is calculated in writing, since the page does not publish them.
What are the minimum requirements?
One year in business, $15,000 or more in monthly revenue and a 600 or higher FICO score. You also provide three months of business bank statements, a voided business check and a copy of your driver's license. These are higher than working capital's thresholds because a line gives you open access to funds, and the lender wants evidence of steady revenue and sound habits before extending it.
What are the limits?
Lines run from $10,000 to $1,000,000 on a 12 month revolving, renewable term. Your approved limit depends on revenue, cash flow, existing obligations and credit. Asking for a line sized to your largest predictable gap plus a margin tends to produce a better result than asking for the maximum, because the lender sizes the limit to what your business can comfortably repay.
Is there a draw fee?
The product page does not say. Its FAQ asks about draw fees, interest calculation, draw timing, auto renewal and what happens if the line goes unused, but publishes no answers. Ask for each of these in writing before you sign. A good lender answers without hesitation, and the answers can change the true cost of the line significantly if you draw often.
What happens when I repay?
Repaid amounts restore your available credit, so the line stays available for the next opportunity, in fundivi's words. If you draw $30,000 and repay $10,000, your available credit rises by $10,000. Over a year this lets you use the same line many times. Use repayments as a discipline: pay down as cash arrives, and aim to bring the balance to zero at least occasionally.
Should I draw the whole line?
Usually not. The page advises using the line as a buffer, not as primary funding, and warns that a fully drawn balance held for a long time can become costly. Keep part of the line unused for real emergencies. If you find you are always near the limit, the underlying problem is probably structural, and a term loan or a change to costs or pricing may be a better fix.
Will applying hurt my credit?
Checking eligibility leaves your score alone because the first step is a soft inquiry. Only accepting an offer that requires a hard pull triggers one. That lets you see the written offer, compare it with alternatives and decide whether a line is worth opening.
What if I do not qualify?
You will receive reasons, and your application may be routed to a vetted lending partner without resubmission. Often the outcome is a product conversation rather than a rejection. A business that is eight months old, for instance, might be offered working capital now and a line later, once the history is long enough.
When does the line renew?
It is a renewable 12 month line. Ask what the renewal process requires, whether it is automatic and whether the limit can change at renewal. Renewal tends to go smoothly when you have a record of drawing and repaying on time, so treat each draw cycle as evidence you are building for the next review.
How big a line should I ask for?
Size it to your largest predictable cash gap plus a margin, not to the maximum your revenue might support. A line that fits your real pattern gets used and repaid cleanly, which builds the record for renewal and, over time, a higher limit. An oversized line invites overuse and costs more in discipline than it saves in flexibility.
Is a line right for a new business?
fundivi requires a year in business for the direct product. Younger businesses should look at working capital, which starts at four months, or bridge capital if there is a documented exit. Once you have a year of history and $15,000 a month in revenue, a line becomes a realistic next tool.
Approval is not guaranteed. Rates, terms and timing depend on qualifications. The draw example above is an illustration and not an offer.
