Business Line of Credit up to $1,000,000
Revolving capital from $10K to $1M, subject to revenue, credit profile, and lender approval. Draw what you need, pay interest only on what you use.
Start an applicationVoxen Capital helps Canadian businesses access flexible business lines of credit from $10K to $1M through its lender network. A line of credit is typically used for working capital, payroll, inventory, supplier payments, and seasonal cash-flow needs. Approval depends on revenue, credit profile, and lender review.
What is a business line of credit?
A business line of credit is a revolving credit facility — you're approved for a maximum limit, then draw funds as you need them. You only pay interest on what you actually use, and as you repay, your available credit replenishes.
Voxen Capital structures business lines of credit from $10,000 to $1,000,000 for Canadian businesses across every industry, subject to revenue, credit profile, and lender approval. Decisions are often delivered same day to within 24 hours.
Use it for payroll gaps, inventory restocks, supplier payments, marketing pushes, or unexpected opportunities. Keep it open as a safety net — there are no fees for unused capital, and the line stays open as long as the account remains in good standing.
Best for these business situations
- Smoothing seasonal revenue swings
- Covering payroll during slow weeks
- Bridging gaps between invoicing and payment
- Restocking inventory ahead of a sale or season
- Paying suppliers early to capture discounts
- Funding short-term marketing campaigns
- Emergency cash for equipment breakdowns or repairs
- Maintaining a financial safety net without idle capital cost
Less suited to
- Businesses looking for guaranteed approval with no revenue verification
- Long-term capital investments better served by a term loan
- Pre-revenue startups with no business bank statements
- One-time large purchases with a clear repayment plan (term loan fits better)
How it works
- Apply once, draw forever — Complete the 6-step application and get approved for your maximum credit limit. No need to reapply each time you need capital.
- Draw on demand — Transfer funds to your business account in minutes via the online portal. Only pay interest on what's drawn.
- Repay and reuse — Make minimum payments or pay down faster — your choice. As balance drops, available credit replenishes.
Line of credit structure
| Credit Limit | $10,000 – $1,000,000 |
|---|---|
| Interest Rate | From 11.99% APR on drawn balance |
| Draw Period | Revolving — no expiration |
| Minimum Payment | Interest + 2–5% of principal monthly |
| Time to Approval | Same day to 24 hours |
| Time to Draw | Same day after first draw setup |
| Unused Line Fee | $0 — no cost when idle |
| Application Fee | $0 — no upfront cost |
At a glance
| Credit Limit | $10K–$1M |
|---|---|
| Approval | Same day to 24h |
| Interest | Pay-as-you-use |
Frequently asked questions
How much can I get on a Voxen business line of credit?
Voxen structures business lines of credit from $10,000 up to $1,000,000 for Canadian SMBs, subject to revenue, credit profile, and lender approval. Most established businesses qualify for 25–50% of their average monthly revenue as an initial limit, with increases available after 3–6 months of strong account performance.
How is interest calculated on a line of credit?
You only pay interest on the amount you've actually drawn — not on your full approved limit. If you have a $100,000 line and only draw $20,000, you pay interest on $20,000. There are no fees for keeping the line open with a zero balance.
How fast can I access funds after approval?
After your line is set up (often same day to within 24 hours), you can draw funds the same day. Subsequent draws are usually available within hours via the online portal.
Will my credit limit increase over time?
Yes. After 3–6 months of consistent on-time payments and demonstrated use, you become eligible for limit increases. Many clients double or triple their initial limit within the first year.
Will applying affect my credit score?
No. Submitting an application does not trigger a hard credit pull. We perform a soft inquiry during initial review. A hard pull only happens if you accept an offer.
Can I qualify with bad credit?
Yes. Voxen works with businesses across the credit spectrum. Lines of credit are structured based on cash flow consistency more than credit score. Lower credit profiles may receive smaller initial limits or higher rates.
Is a line of credit better than a term loan for me?
It depends on the use case. A line of credit is best when the need is recurring, unpredictable, or short-term — payroll, inventory, working capital. A term loan is better when you need a large lump sum for a specific known investment with a clear repayment timeline.
What happens if I don't use my line of credit?
Nothing — and that's the point. There are no monthly fees, no minimum draw requirements, and no penalties for keeping a zero balance.