Flexible Access To Credit
Draw funds as needs arise, subject to your approved credit limit and repayment terms.
Draw And Repeat
Your safety net to use what you need, repay, and use again.
Personalized Support
A team that moves as fast as your business needs help.
Not every need announces itself in advance. A delayed customer payment, an equipment breakdown, a slow month. Or maybe it's the opposite—an opportunity shows up unexpectedly. A Business Line of Credit gives eligible businesses access to funds up to an approved credit limit, without applying for a new loan every time. Draw what you need, repay it, and access available credit again, subject to account terms, periodic review, and credit status. Flexible financing, clear terms, and straightforward documentation, backed by a nationwide team that helps support your business needs.
Ready to take the next step?
Explore our Business Line of Credit options below, then contact us today.
Financing for professional businesses like yours.
Our Business Line of Credit can help support:
- Working capital needs
- Payroll or operating expenses
- Marketing and growth initiatives
- Seasonal fluctuations
- Unexpected expenses
- Cash flow gaps between receivables
- New business opportunities
Whether you're covering a cash flow gap, jumping on a new opportunity, or simply creating more breathing room in your budget, the right line of credit means you're ready for any possibility.
Business Line of Credit
Access flexible funds when cash flow needs, operating expenses, or new opportunities come up.
- Variable rate as low as 8.50% APR*
- 24-month term
- Minimum credit line: $10,000
- 680 minimum FICO® Score
- Fees: $250 Application fee (non-refundable)
- Closing Cost: 1% of total loan amount up to $2,500
Rates shown are the lowest available rates and are subject to credit approval, underwriting criteria, collateral, and creditworthiness.
Business Line of Credit (FAQs)
Rates vary based on your credit profile, collateral, and other factors. Interest is charged only on the funds you draw, not your full approved credit limit. Our variable rate Business Line of Credit is as low as 8.50% APR. Variable APRs may increase after consummation.
Yes. There's a $250 non-refundable application fee and a 1% closing cost on the total loan amount, up to $2,500. We’ll clearly disclose any additional applicable fees before you finalize your Business Line of Credit.
Yes, there's a minimum FICO® Score of 680 for a Business Line of Credit. Approval also depends on business history, income, debt obligations, collateral, and overall creditworthiness.
Yes, business membership is required. You can join during the Business Line of Credit application process. Contact a business banking relationship manager or a business banking support specialist team to get started. Or call 866.755.0628.
To open a business membership, you may need to provide business and personal information, business financials, tax documents, and ownership details. View the membership documentation list by clicking here. Additional documentation may be requested for your line of credit application. A business banking relationship manager or a business banking support specialist can help you get started. Or call 866.755.0628.
What makes us different isn't the rate, it's that your business banking relationship manager stays with you for as long as you're drawing on that line, not just the day you open it. When your business or needs changes, they’re ready to help.
Getting started is easy. Click the Apply Now button and complete and submit the form. Your business banking relationship manager or a business banking support specialist will follow up with next steps. Or call 866.755.0628.
*For business purposes only. Not available for personal, family, or household purposes. Membership eligibility and credit approval required. An active FIG Credit Union business membership with a $5 minimum deposit required to establish and maintain membership, are required.
Business Lines of Credit are subject to applicable underwriting, creditworthiness, and collateral requirements. Variable rates are as low as 8.50% APR as of September 22, 2026 and are subject to change. Your actual rate will depend on creditworthiness, collateral, and other applicable underwriting criteria. The variable rate is based on the Wall Street Journal Prime Rate plus an applicable margin and may change in accordance with the Business Line of Credit Agreement.
Minimum credit line is $10,000. A minimum FICO® Score of 680 is required. A $250 non-refundable application fee applies. Closing costs are 1% of the credit line amount, up to a maximum of $2,500. Additional fees may apply and will be disclosed, as applicable, before closing. Payment of an application fee does not guarantee credit approval. This is not a commitment to lend.
APR (Annual Percentage Rate) will be disclosed at the time of approval and prior to consummation. Rates vary based on creditworthiness and product type.
The following requirements must be maintained for the duration of the loan:
(1) Required Payment Method:
Loan payments must be made through ACH automatic payments.
(2) Additional Requirement (choose one):
-
At least $1,000 in monthly direct deposits must be made into a FIG Credit Union Business Checking account; OR
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An amount equal to three (3) times the monthly loan payment must be maintained in a FIG Credit Union Business Membership Savings account and may be restricted from withdrawal.
For business purposes only. Not available for personal, family, or household purposes. Membership eligibility and credit approval required. An active FIG Credit Union business membership with a $5 minimum deposit required to establish and maintain membership, are required.
For Farmers Agents: For the duration of the line of credit, payments must be made through Folio Deduction. In addition, the borrower must maintain one of the following: (1) the full Agent Net Check directly deposited monthly into a FIG Credit Union Business Checking account; (2) at least $1,000 in monthly direct deposits into a FIG Credit Union Business Checking account; or (3) an amount equal to three times the required monthly payment maintained in a FIG Credit Union Business Membership Savings account, which may be restricted from withdrawal. All applicable folio, commission, bonus, and other payments from Farmers Insurance Group of Companies must be remitted through a FIG Credit Union Business Checking account.
For all other eligible businesses: For the duration of the line of credit, payments must be made through ACH automatic payment. In addition, the borrower must maintain either (1) at least $1,000 in monthly direct deposits into a FIG Credit Union Business Checking account or (2) an amount equal to three times the required monthly payment in a FIG Credit Union Business Membership Savings account, which may be restricted from withdrawal.
The Business Line of Credit has a variable rate based on the Wall Street Journal Prime Rate plus an applicable margin and may change in accordance with the Business Line of Credit Agreement. Actual rates, credit limits, and terms are based on creditworthiness, collateral, and other applicable underwriting criteria. Lines of credit are subject to periodic review and may be modified, suspended, or terminated in accordance with the Business Line of Credit Agreement.
Application, closing, UCC filing, and other applicable fees may apply and will be disclosed, as applicable, before closing. Payment of an application fee does not guarantee credit approval. No prepayment penalty applies. This is not a commitment to lend.