Contractor Line of Credit · 2026

Contractor Business Line of Credit

Flexible revolving capital for contractors — draw between jobs and draws, and reuse it as you repay.

$500KMax line

580+Min FICO

Same dayDraws

ReusableDraw again

What is a business line of credit for contractors?

A business line of credit gives a contractor a revolving pool of capital to draw on as needed and reuse as you repay, paying only for what you use. It's the flexible alternative to a one-time advance for uneven, job-based cash flow. Limits run $10,000 to $500,000 through Contractor Capital Advance, FICO 580+.

How a line of credit works in 4 steps

Apply in 5 minutes

Short online application with a soft credit pull that does not affect your score.

Get approved for a limit

Your line is set on your revenue and deposit history, not the contract.

Draw what you need

Pull only the amount you need, when you need it — often same-day.

Repay and reuse

Pay only on what you drew, then draw again as you repay.

Line of credit vs a term loan

How a revolving line compares to a lump-sum loan for contractors.

Feature	Line of Credit	Term Loan
Structure	Revolving, reusable	Lump sum, once
You pay for	Only what you draw	The full balance
Best for	Gaps between draws	One planned purchase
Reusable	Yes — draw again	No
Typical size	$10K – $500K	$25K – $5M

Line of Credit Calculator

Estimate your credit line and the cost of a draw. Move the slider to your average monthly revenue.

Average monthly revenue $50,000 Amount you draw $25,000

$45,000Estimated credit line

$625Est. monthly cost on draw

$20,000Left to draw

Estimates only, for illustration. You pay only on what you draw. Real limits and rates are set at underwriting.

Qualification requirements

US-based contracting business
6+ months in business
~$25,000+ in monthly revenue
Last 3 months of business bank statements
Valid EIN and business bank account
FICO 580+ considered; approval on revenue

Limits, cost & speed

Lines of credit through Contractor Capital Advance run from $10,000 to $500,000, set on your revenue and deposits. You pay interest only on the amount you draw — not the full limit.

Initial approval usually takes 1-2 business days; once open, draws are typically available same-day.

Use the calculator above to estimate your line and the cost of a draw.

Contractor trades we fund

General Contractors

Carry subs and materials across the draw gap.

Specialty Trades

Fund crews and equipment between pay apps.

Remodelers

Front materials before the client draw.

Service Contractors

Cover payroll and parts between jobs.

When a line of credit makes sense

Gaps between progress draws — Draw to cover payroll and materials, repay when the draw lands.
Recurring short-term needs — Cover fuel, materials, and crews again and again.
A safety net on standby — Have capital ready without paying until you use it.
Bridging retainage — Cover held-back cash without a new application.
Handling a surprise — Move fast on an equipment repair or urgent cost.

Frequently asked questions

Do I pay interest on the whole line?

No — you pay only on the amount you draw. The unused portion costs nothing until you use it.

Is a line better than an advance for contractors?

For recurring, uneven needs, usually yes — it's reusable and cheaper. An advance is faster for a one-time need.

Do I need the contract to qualify?

No — the line is based on your revenue and deposits, not the contract.

How fast can I draw?

Once your line is open, draws are typically available the same day.

Will checking my options affect my credit score?

No. Prequalifying uses a soft credit pull that does not affect your score. A hard pull only happens if you accept an offer.

What can I use the funds for?

Any legitimate business purpose — payroll, inventory, materials, equipment, marketing, covering a slow period, or growth. There are no restrictions on how you use the capital.

Are there any upfront or application fees?

No. Applying and getting a decision is free. Any fees are disclosed in your offer before you accept, so there are never surprises.

Sources & further reading

Figures and calculator estimates are typical 2026 industry examples for general information and vary by underwriting; your actual limit and rate are set at application. A line of credit is subject to approval. Product and company names referenced are the property of their respective owners.