Typical amount
$25,000 – $500,000, based on equity
Small business loans
HELOC
A line of credit secured by property you already own.
Apply now
Free to apply. No credit impact to submit2.
Time to funding
Often a few weeks, because the property is reviewed
Repayment
Revolving. Interest is typically charged on what you draw.
Often reviewed
Equity, credit, and income or rent documentation
These are typical ranges, not a quote. Lending partners set the amount, cost, timing, and minimums. Applying does not guarantee an offer.
What it is
A home equity line of credit, including a commercial HELOC, is secured by real estate. The available amount depends on the property value, what you already owe, and the partner’s limits. Funds can be used for personal or business purposes. Because the property is collateral, this review usually takes longer than an unsecured working-capital product.
A HELOC uses equity in a primary residence or commercial property as collateral. You draw against a limit instead of taking the full amount on day one.
Who it is for
- Owners with equity in a home or commercial property
- Projects or working capital where a secured line may cost less than unsecured funding
- Borrowers who want to draw over time instead of taking one lump sum
What partners often look for
Credit
Personal credit. Commercial property may also look at business credit.
Time in business
Not always required for a residential HELOC
Equity and income
Available equity, plus income or rent documentation
Property documentation is part of the review. A residential HELOC does not always require business bank statements.
How to apply
- 1
Apply in minutes
Tell us about the business, the amount, and what the funds are for. Applying is free.
- 2
Get connected
One Funding shares your application with lending partners. Those partners decide whether to make an offer.
- 3
Review any offer
If a partner approves you, read the amount, cost, and payment schedule before you accept. Funding speed depends on that partner.
Questions
Can I use a HELOC for my business?
Yes. Funds from a home or commercial HELOC can be used for personal or business purposes. The property still secures the line.
What is the difference between a home HELOC and a commercial HELOC?
A home HELOC is secured by a residence. A commercial HELOC is secured by business property and may also review the business. One Funding uses one application for both.
Why does this take longer than other products?
The partner has to review the property, the existing mortgage or liens, and your ability to repay. That extra step usually adds time compared with a revenue-based advance.
Apply for HELOC
One application. No obligation. Partners decide whether to offer funds.
Looking at another option? Business Line of Credit, Revenue-Based Financing, Startup Loans.