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Business line-of-credit cost estimator

See the cost on the balance you draw, plus the fee add-ons, in dollars.

Line channel

Channel sets the price more than credit score does. A bank line and an online line are different markets that price years apart, so the ranges never blend across channels.

Credit limit$75,000
Drawn balance$32,000
All-in APR8.5%
Cost on the drawn balance$2,720
Annual fee (add-on)$95 to $200 / yr
Effective annualized cost8.8% to 9.1%
How this is estimatedRevolving line

Estimate only. A partner's written offer controls.

Estimate details and sources

Actual limits, pricing, and fees are set by independent funding partners and depend on your credit, revenue, time in business, and lender channel. Your line will differ. The ranges shown are industry market data from published sources as of Jul 2026, not OpenQuote pricing. Partner fees, if any, are itemized on the offer itself: ask for all of them in writing.

  1. OnDeck (Enova) transparency disclosure: average line-of-credit APR 56.6% on loans originated in the half-year ending June 30, 2025; no annual, monthly, or draw fees, with cost charged on the drawn balance.
  2. Enova International Form 10-K (SEC EDGAR): average annualized yield on its small-business line-of-credit accounts 47% (FY2024) and 49% (FY2025), loan sizes $5,000 to $200,000.
  3. KBRA-rated OnDeck ODAST 2023-1 collateral pool: weighted-average yield 44.4% on a 723 weighted-average FICO revolving pool of term and line-of-credit loans.
  4. Federal Reserve Bank of Kansas City Small Business Lending Survey: median new line-of-credit pricing near 7% and median credit-line usage about 40% (fixed lines higher, variable lines lower), Q3 to Q4 2025.
  5. SBA CAPLines and 13 CFR 120.214: revolving-line spreads over prime that place the SBA sub-band near 9.75% to 13.25% at a 6.75% prime rate.
  6. Wells Fargo BusinessLine and peer bank pages: advertised bank lines from Prime plus 1.75% to Prime plus 9.75%, with a flat annual fee of about $95 to $200 and no draw fee; fintech draw fees of about 2% to 3% per draw.

Educational market data with full citations on file in substantiation/loc-pricing-2026-07.md. Not OpenQuote partner pricing, and not a quote.

A line of credit revolves, so cost follows the drawn balance and how long each draw stays out. See the full explainer

A line of credit charges the balance you draw, not the full limit. Change the draw and fees to see the carrying cost of the money in use. Nothing you enter here is collected.

How to read this estimate

Interest is estimated on the drawn balance. Annual or per-draw fees can make the effective annualized cost higher than the headline rate, especially when the balance is small.

The tool does not know how long each future draw will remain outstanding. Channel ranges are general market data, not an OpenQuote quote.

This educational estimate cannot predict approval or partner pricing. Confirm every final number and fee in the partner's written agreement.

Learn how lines of credit work