Unsecured Business Line of Credit
Flexible funding—draw, repay, repeat.
Major Features of a Business Line of Credit
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Revolving Access
Draw, repay, and redraw anytime — no reapplying
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Only Pay on What You Use
Interest applies only to funds drawn.
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No Property Required
Just a director’s guarantee — no collateral needed
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Fast Setup
Apply in minutes — many facilities approved within 24–48 hours
What is an Unsecured Business Line of Credit?
It’s a revolving credit facility you can draw from as needed — no property, no lump
sums, no delays.
You only pay interest on what you use — making it ideal for cash flow gaps, supplier
costs, or bridging slow payments.
See if this is for You:
- You want flexible funds without reapplying every time
- You’re covering short-term costs while waiting on receivables.
- You want a buffer before things get tight.
What You Should Know
About a Business Line of Credit
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Application takes less than 5 minutes — over the phone
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6 months of business bank statements required
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Most lenders don’t require financials
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Access your funds via secure online portal, anytime
Rates & Terms of Approval are indicative and subject to credit assessment
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How Does an Unsecured Business &
Line of Credit Work?Adrian runs a residential construction business.
Client payments were delayed — but he still needed to buy materials and keep jobs
moving.
We set up an unsecured line of credit.
He drew down funds, kept projects rolling, and repaid when invoices cleared.
No delays. No drama. Just funding that flexed with his cash cycle.
Pros and Cons of an Unsecured Business Line of Credit
Pros:
- No asset security required — keep property and equipment off the table
- Ongoing access — no need to reapply each time
- Only pay for what you use — no unnecessary interest
Cons:
- Rates are higher than secured loans
- Some lenders charge a facility fee — even if unused
How Much Can I Borrow?
Borrow up to $500,000 — based on:
• Your monthly turnover
• Time in business
• Cash flow and repayment history
Limits often grow over time — if you use the facility well.
FAQs
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What’s the difference between a line of credit and a loan?
A loan gives you a lump sum with fixed repayments. A line of credit lets you draw and repay funds as you go — only paying for what you use.
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Do I need property to get a line of credit?
No — just a personal/director guarantee.
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Are there fees if I don’t use it?
Some lenders charge a facility fee (monthly or annually), but others don’t. We’ll help you compare.
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Is this better than using a credit card?
Yes — limits are usually higher, interest rates can be lower, and repayments are tailored to businesses.
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Can I increase my limit later?
Yes — many lenders will review your usage and increase the limit if repayments are on track.
What Clients Say
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“McHugh’s financial Services assisted my company GSD Safety with a line of credit facility. During the process Sean was very helpful to process the application and supported me through the process to ensure it was smooth and efficient. I have highly recommended Sean and McHugh’s Financial Services to others.”
GSD Safety
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“Can highly recommend Sean at McHugh’s finance for any commercial lending needs. Sean was professional, helpful and very communicative throughout the process which made things for me (as a busy business owner) very relaxed and care free. A great person to work with and a first class service!”
Pest2Kill
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“Sean was really helpful in arranging the financial services I needed. He followed everything up in a timely way and made sure everything was set up correctly. I’m really pleased with Sean’s professionalism and assistance. Thanks Sean!”
Want funding that works on your terms?
No stress. No delays. Just flexible finance that fits your business.
