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Business Lines of Credit

Cash flow is essential to a thriving business.
Flexible credit limits
Access funds as needed
Support cash flow
Explore Business Loans & Lines of Credit

Keep your business ready for what comes next.

Business expenses do not always arrive on a predictable schedule. A business line of credit provides revolving access to funds so you can respond when opportunities or short-term needs arise.

Rather than borrowing the entire amount at once, you can access available credit when needed and manage borrowing based on your business activity.

When can a business line of credit help?

A line of credit may be useful for:

  • Purchasing inventory
  • Covering seasonal expenses
  • Hiring seasonal or temporary staff
  • Managing short-term cash flow gaps
  • Making equipment upgrades
  • Responding to unexpected operating expenses
  • Taking advantage of time-sensitive opportunities

Term loan or line of credit?

A term loan is generally better suited for a defined, one-time investment with a planned repayment schedule.

A business line of credit may make more sense when you want ongoing access to working capital and do not know exactly when or how much you will need to borrow.

Have a specific investment in mind?

For expansion, equipment, or another defined business expense, explore financing with a set term and repayment schedule.
Keep capital within reach

Our business lending team can help you determine whether a line of credit fits your operating needs and discuss available credit options.

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Frequently asked questions

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Yes. Michigan First offers business term loans, lines of credit, commercial real estate financing, equipment financing and other borrowing options for eligible businesses. The appropriate option depends on the purpose of the financing, the amount needed and the business’s financial qualifications.

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