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Funding solutions

Using a HELOC to Fund Your Business

A home equity line of credit lets you borrow against your home’s equity and use the funds for business. Rates are often lower than unsecured business loans, but your home is the collateral, so it suits owners who are confident in repayment.

$25K–$500K‡Typical amount
10-year draw, then repaymentTerm
2–4 weeksTypical speed*
Not business-dependentTime in business

Check your HELOC for Business options

Question 1 of 4
How much funding do you need?
Pick a range. You can change it anytime.
No hard credit pull · No obligation · Tap an answer to continue

HELOC for Business may be a good fit if…

  • You own a home with meaningful equity
  • Your business is new or does not yet qualify for business loans
  • You want a lower rate and are comfortable with the risk
  • You need flexible draws over time

Consider something else if…

Requirements

What lenders typically look for.

These are common guidelines across our lender network, not hard cutoffs. Your advisor will tell you where you stand.

Time in businessNot business-dependent
RevenuePersonal income that supports the payment
CreditTypically 680+ personal credit
DocumentsPersonal income documents, home appraisal

How it works

How HELOC for Business work with WellRounded

1Step 1

Check equity

Estimate how much equity you have available.

2Step 2

Apply

Apply with a lender; it is underwritten on personal income and credit.

3Step 3

Appraisal

The home is appraised to confirm value.

4Step 4

Draw

Draw funds as needed during the draw period.

Costs

How HELOC for Business are priced.

HELOCs usually carry a variable rate tied to prime. Closing costs vary. The biggest cost to weigh is risk: if the business cannot repay, your home is at stake.

‡ Ranges shown are typical and illustrative, not an offer of credit. Final amounts, rates and terms are set by the lender.

See your HELOC for Business options in about two minutes.
See my options →

Calculator

Estimate your payment.

Estimated monthly payment$3,321
Monthly payment$3,321
Total of payments$119,572
Total interest and fees$19,572
Get real offers for $100,000 →

Estimates for illustration only, not an offer of credit. Your actual rate, term and fees are set by the lender and depend on your business.

Industries that often use HELOC for Business

Professional ServicesFranchisesChildcare

FAQ

Common questions, clear answers.

Anything else, your advisor will answer on the phone.

All FAQs →
Can I use a HELOC for my business?

Yes. Most HELOCs allow any purpose, including business. The loan is personal and secured by your home.

Is HELOC interest tax deductible for business use?

It depends on how the funds are used and current tax law. Ask your tax professional.

What happens if my business fails?

You still owe the HELOC, and the lender can foreclose if you stop paying. Consider this risk carefully.

Does WellRounded offer HELOCs directly?

We connect you with partner lenders who offer HELOCs and help you compare them against business-only options.

Related guides

StartupsStartup Business Loans: Funding Under One Year in Business

Compare related products

Business Line of CreditDraw when you need it, pay for what you use.$10K–$500K‡1–3 days
SBA LoansGovernment-backed loans with long terms for growth, real estate and acquisitions.$50K–$5M‡30–90 days

Ready to explore HELOC for Business? See your options today.

  • Decisions in as little as 24 hours*
  • $10K–$5M+ across 10 products
  • No hard credit pull to apply
  • One dedicated funding advisor