Owning your very own business can be very invigorating with the proper vision. Sometimes you need a reliable and accessible source of cash to quickly fund your ideas once they are clearly outlined. With a business line of credit (LOC), you will be prepared to make purchases when necessary and have more flexbility. Draw from your line when you need the funds, and only pay interest on the amount you withdraw.
For owners who do not want to put up collateral to get approved for a LOC, there are unsecured credit lines which don't require collateral. The credit history and the profits of the business are the major factors which will be used to either qualify or disqualify the business. It is not uncommon for a brand new company with a brief operating history still be approved for amounts ranging from $25,000 to $100,000 along with the owner or partner of the company having a good credit profile.
On the other hand, if it's a more established business with annual income ranging from $1,000,000 to $10,000,000 along with good credit they can expect to be offered a line of credit from $100,000 - $500,000 without collateral.