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Flexible, Revolving Funds That Grow With You

A line of credit let's you access a defined amount of money as needed and repay back what you use with interest either immediately or over a set period of time. Unlike a loan where you have a one-time lump sum of credit, a line of credit gives you access to funds up to a certain amount - similar to a credit card.

artist shop owner setting up his artwork in his store

Secured Business Loan Details

  • Loan Terms
    Up to 12 Months
  • Fixed Rate
    Easy Budgeting
  • Loan Amount
    Up to $250,000

Key Features & Benefits

Lower Interest Rates

More affordable borrowing due to collateral securing the loan.

Higher Borrowing Limits

Access larger amounts for significant investments.

Easier Approval Process

More accessible for businesses with lower credit scores or limited credit history.

Flexible Use of Funds

Suitable for various business needs like purchasing equipment or expanding operations.

Improved Cash Flow

Provides capital to maintain healthy cash flow for operational costs and investments.

Eligibility Requirements

  • The business must be located or headquartered in Illinois, Missouri, Indiana, Wisconsin, or Iowa.
  • The company must be registered with the Secretary of State in good standing. However, this is not required for sole proprietors.
  • The financed amount must be under $250,000.
two women small business owners laughing outside their store

Get the Financing You Need for Your Business

Start your journey with our easy application process.
1. Gather Your Documents Proof of income, identification, and details of the collateral you will use to secure the loan.
2. Complete the Application

Start your application process, or call 1-855-696-4352, option 5 to speak to a Loan Specialist.

3. Get Approved Our team will review your application and provide a decision.

Frequently Asked Questions

How much will I pay each month?

Your monthly payment will depend on the terms of your line of credit approval. We offer interest-only payment options during your draw period. Interest and principal are both due after the draw period.

What rates are available?

Our competitive interest rates and minimum monthly payments are subject to change. Contact a representative to discuss how factors like the term, your credit history, and your credit limit will impact your rate.

What are the benefits of a line of credit for a small business or startup?

With a small business line of credit from Midland, you'll have up to $250,000 available for your short-term needs. Use your line of credit to purchase supplies, materials, or products so you can take on larger contracts and free up cash for the rest of your business operations. A line of credit also helps provide funding as you wait to get paid for outstanding work or products sold. The monthly payments are manageable - you can hold off on the principal by paying your interest exclusively.

Why Midland?

If you're considering a small business line of credit in Missouri or Illinois, Midland is the financial institution you can trust. We offer:

  • Small business financing expertise
  • A quick online application process
  • Speedy credit approval
  • Interest-only payment options
  • Automatic payments
  • Low-interest lines of credit

What if I need for financing over $250,000?

Our commercial team can help you find financing solutions over $250,000. View our Commercial lending options.

All lending products are subject to application and credit approval.

Prefer Personal Assistance?

Our team of dedicated professionals are here to support you.