Business Line of Credit
A business line of credit gives qualified businesses access to revolving capital that can be drawn as needed.
Best for: Businesses with variable cash flow or recurring short-term capital needs
HELOC
Use Your Home Equity as a Flexible Credit Line
A home equity line of credit lets qualified homeowners draw against available equity to fund business growth, renovations, or large expenses.
Overview
A home equity line of credit (HELOC) is a revolving credit facility secured by the equity in a primary or investment property. Funds can be drawn as needed during the draw period and repaid over time. HELOCs are commonly used by business owners and investors who want flexible access to capital at competitive rates backed by real estate.
Typical amounts
Typically $25,000 to $500,000+ depending on available equity
Speed
Funding timelines typically 2–4 weeks due to appraisal and title work
Terms
Draw periods commonly 5–10 years with repayment up to 20 years
Best For
Homeowners and real estate investors with available equity who want flexible, lower-cost capital.
Common Use Cases
- Funding a business launch or expansion
- Real estate down payments or rehab budgets
- Major home renovations
- Debt consolidation (where eligible)
- Bridging short-term cash flow needs
- Education or large personal expenses
Potential Benefits
- Revolving access during the draw period
- Interest typically charged only on the drawn balance
- Competitive rates backed by home equity
- Reusable as you repay principal
Things to Consider
- Secured by your home, which is at risk if not repaid
- Property appraisal and title work are typically required
- Variable rates are common; payments can change over time
- Loan-to-value and credit profile drive eligibility
How the Process Works
- 1Submit a secure application with basic business details
- 2American Financial Source reviews your profile and identifies eligible products
- 3Connect with a funding specialist to discuss the right structure
- 4Provide any final documentation and complete underwriting
- 5Funds are disbursed once the offer is accepted and finalized
Required Documents
- Application with property and homeowner details
- Recent mortgage statement
- Proof of income (pay stubs, tax returns, or business financials)
- Homeowners insurance declaration page
Frequently Asked Questions
Related Funding Options
Invoice Factoring
Invoice factoring can help businesses improve cash flow by converting eligible unpaid invoices into immediate working capital.
Best for: B2B businesses with creditworthy customers and 30–90 day payment terms
Apply
Apply for Home Equity Line of Credit (HELOC)
Skip the long forms. Open our secure DocuSign application and a funding specialist will follow up within one business day. No cost, no obligation, and inquiring does not affect your credit.
- Secure DocuSign envelope — confidential submission
- Most applications take less than 10 minutes
- Response from a specialist within one business day
Apply with DocuSignCall (516) 373-7622
Prefer to talk first? A specialist can walk through options before anything is submitted.
Ready to Find the Right Funding Option?
Start your application today and let American Financial Source help you explore funding options built around your business goals.