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Fuel your business dreams with a fast, digital HELOC

Are you an entrepreneur looking to invest in a new business venture or expand your small business? 

HomeEQ’s HELOC helps you quickly leverage the equity you’ve built in your home or another property for any business purpose with our self-service digital application. Apply now and access your funding in as fast as five days.

Get Your Offer

Quickly secure the capital you need for your business goals

HELOCs provide fast, flexible funds for a range of business-related purposes, including:

  • Startup capital
  • Expansion projects
  • Cash flow needs
  • Equipment
  • Inventory
  • Renovations
  • Debt consolidation

HomeEQ’s HELOC helps you leverage your investment in your home or another property to secure the cash you need for your growing business.

Find your rate to decide if a HELOC is right for you.

How is a HELOC used for business borrowing?

A home equity line of credit (HELOC) is a revolving line of credit that allows you to draw down, payback, and draw again up to the credit limit for as long as the line is open.

This flexible financial tool gives you access to substantial cash with repayment terms that align with your goals.

The amount of cash you can access depends on how much equity is in your home, the property’s value, your credit score, and other lender requirements.

Benefits of a HELOC for business financing

  • Immediate approval with our 24/7 digital application process
  • Access funding in as few as five days
  • Borrow between $25k-$350k to meet your business needs
  • Flexible terms from 5-30 years, aligning with your business planning
  • No prepayment penalties, offering freedom to manage your finances as your business grows

Simplify your business borrowing with HomeEQ’s HELOC

  1. Start by filling out our online application to detail your financial and business scenario.
  2. Proceed with our user-friendly digital application for fast, immediate approval in 10-15 minutes.
  3. Secure your funds quickly, giving you the agility to capitalize on business opportunities without delay.

HELOC rates and terms for property investments

Check out our HELOC’s specific qualifications and terms to see how it fits with your property investment plans.

Approval time
Within 10-15 minutes
Funds accessed
Within as few as five days
Loan amounts available
$25,000-$350,000
Flexible term lengths
5, 10, 15, 20, and 30 years
Cash draw periods
3 and 5 year options with at least 90% initial draw
Minimum credit score
640
Maximum debt-to-income ratio
Up to 50%
Home equity combined loan to value
Up to 80%
Eligible property types
Primary residence and second property
Eligible locations
40 states and counting
Apply Now

Speed of an online HELOC FAQs

Can I use a HELOC to consolidate existing business debt?

Yes, a HELOC can be used to consolidate existing business debts. 

This can streamline your payments into one lower-interest-rate loan, reducing monthly outflows and improving cash flow management.

How can a HELOC be used to support a business venture?

A HELOC can provide the capital required for various business needs, including start-up costs, equipment purchases, expansion projects, or emergency cash flow. 

Leveraging your home equity can be a cost-effective way to finance your business compared to other high-interest options.

What are the benefits of using a HELOC for business borrowing over other types of loans?

HELOCs typically offer lower interest rates and more flexible repayment terms than personal loans, making them an attractive option for business owners. 

Additionally, interest paid on a HELOC may be tax-deductible if the funds are used directly for business purposes.

What factors does HomeEQ consider when approving a HELOC for business use?

We consider the amount of equity in your home, your credit score, and your debt-to-income ratio. 

These factors help us determine the amount you can borrow and the terms of your HELOC.

Unlock your home’s potential

Access cash from your home within as few as five days. Try our streamlined digital application to discover if a HELOC is the key to your financial success. Get started to see your personalized offer now.
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