Estimate the cost to draw on a business line of credit — you only pay interest on what you use — then compare offers from 50 lenders.
A line of credit only charges interest on the amount you actually draw, not your full limit. This calculator estimates that carrying cost based on your draw, how long you hold it, and the rate — so you can see what a line really costs before opening one.
Lines are ideal for uneven or seasonal cash flow: draw to cover a gap, repay as revenue comes in, and draw again. One application compares lines from 50 lenders in about 24 hours.
Six questions. No documents required to start. No effect on your credit score.
Review the 8–12 lenders matched to your profile and choose who to apply to. Your file goes only to the lenders you select.
We negotiate the best terms with each lender you selected and send you their real offers — side by side on APR, term, and payment.
One signature. Funds wire direct from the lender. Median: under 2 days end-to-end.
Only on the drawn balance, for the days you carry it. If you have a $100K line and draw $20K for two months, you pay interest on $20K for two months — the undrawn $80K costs nothing (some lines carry a small maintenance fee).
For short-term, variable needs, usually yes, because you only pay for what you use. For a large one-time purchase you will hold for years, a term loan is often cheaper. The calculators help you compare.
No. The line of credit calculator runs entirely in your browser — nothing is submitted and there is no credit check. When you are ready to compare real offers, EQ Funding pre-qualifies you with a soft pull that has no effect on your score; a hard inquiry only happens if you accept a specific lender's offer.
An estimate uses typical lender criteria and rate bands. Real offers are priced by individual lenders against your actual revenue, time in business, credit, and industry, so they can come in better or worse than the line of credit calculator shows. The point of the estimate is to set expectations before you apply — the real numbers come from comparing actual offers.
Apply once. One 2-minute application puts your file in front of 50 lenders that compete to fund it, with real, side-by-side offers back in about 24 hours and no obligation to accept any of them. You only move forward if an offer actually works for you.
Completely free, with no signup. EQ Funding is also free to you if you apply — lenders pay a fee when your deal closes, never you.
Six questions. Two minutes. No effect on your credit score. Real offers from 50 lenders within 24 hours.