Capital that revolves
the way a real LOC should.

A real bank line of credit is a beautiful product. Unsecured or lightly secured. Single-digit pricing. Draw as needed, pay down as you can. Annual renewal. The problem is that it has become genuinely scarce. Community banks have been retreating from small-business lending for fifteen years. Larger institutions never wanted the segment in the first place. The unsecured LOC under $250K is one of the lowest-margin, highest-friction products on a commercial banker's desk, and most banks have effectively stopped offering it to anyone they didn't already lend to. Operators who walk into their primary bank asking for a line are routinely told to apply for an SBA loan instead, which is not the same product and serves a different need.

The result is a market of operators with legitimate revolving capital needs and no good way to access a true revolver. The fintech wave of the 2010s — Kabbage, BlueVine, OnDeck — filled part of the gap with online-underwritten LOCs and short-term loans. Those products are good, when you qualify. The Kabbage book is now Amex Business Line of Credit. BlueVine rebranded as Bluevine. Both require 625 to 660+ FICOs and tend to cap around $250K. They serve the clean-credit operator well and decline most operators they look at.

What we built instead

For operators outside the qualifying bands of Amex/Kabbage and Bluevine — and for operators inside those bands who want larger limits or faster funding on later draws — we structure working capital positions with built-in renewal triggers. The first position underwrites and funds like a standard working capital advance: bank statements, application, 24 to 72 hour close. Once you've repaid approximately 50% of the original balance, a renewal trigger fires. At the trigger, you can re-draw the original amount with abbreviated underwriting — usually just updated bank statements, no new application, no fresh credit pull. The new advance pays off the residual on the original and resets the term. The economic experience is a revolving line.

What the operator actually sees

Three patterns describe most operators on revolving structures with us. Pattern one: fund $100K, pay down to $50K, re-draw $100K, repeat — used as a working capital cushion that flexes with quarterly cycles. Pattern two: fund $50K, pay off in 6 months, re-draw $75K, pay off in 8 months, re-draw $100K — used by operators growing into a larger capital base as the business scales. Pattern three: stay at a stable balance across multiple draws — used by operators who need a near-constant working capital cushion and prefer the simplicity of one active position. Each pattern has its own pricing logic and we model the full 18 month picture before you commit.

The right revolving capital product depends on three variables: your personal credit, your trailing revenue volatility, and how much friction you can tolerate in re-draws. The tradeoffs are real and we are direct about them.

A traditional bank LOC, if you can get one, prices in the high-single to low-double digits APR, with annual renewal, formal covenants, and 1 to 5 business days to draw. It requires strong credit, a deposit relationship, and willingness to live with the bank's annual review process. If you can qualify, it is almost always the lowest dollar cost capital available. The honest reality is that most operators cannot qualify and the few that can are usually mature businesses with two-plus years of audited financials.

A fintech LOC — Bluevine, Amex Business Line of Credit, OnDeck — prices higher than a bank but offers true revolving mechanics. Draws hit your account in one to three business days. Repayment is fixed monthly over 6 to 12 months per draw. The application is fully online. Limits typically cap at $250K. These products are excellent when you qualify, and the qualifying floor is roughly 625 to 660 personal credit plus $10K to $20K monthly revenue. If you sit in the qualifying band, we will tell you to apply directly to the fintech first — there is no reason for us to compete on a file that lender will fund cheaper.

Where Goliath's structure wins

We win on three fronts. We fund operators the fintech LOCs decline — 550 to 624 FICO, businesses with revenue swings, operators with prior MCA history, industries the fintech LOCs treat as too volatile. We fund larger initial positions, up to $500K and occasionally beyond, where the fintech caps would force the operator to fragment. And we fund faster on subsequent draws than the fintechs do, because once the relationship is established, additional capital can hit the account inside 48 hours. For the operator who needs $300K of revolving capacity tomorrow and a clean fintech LOC is not in the cards, our structure is purpose-built.

Honest constraints

The honest constraint of our revolving structure is total cost of capital. A short-term working capital advance, even one structured to revolve, costs meaningfully more than an unsecured bank LOC. The right way to use it is for capital that produces a return inside the term of the draw — inventory turn, marketing spend with measured ROAS, opportunistic vendor discounts, expansion projects with defined paybacks. Used that way, the cost-of-capital math works. Used as a long-term debt substitute, it does not. We tell operators that openly. The point is to fit the instrument to the use.