A line of credit loan from Speedy Cash is similar to a credit card. You apply once and can draw funds as often as you need up to your credit limit. What is a credit limit? A credit limit – credit line – is the amount that you're approved to borrow. For example, if you're approved to borrow $750 then $750 is the maximum amount that you can. A FLEX Loan is not a payday loan. It’s an open-end line of credit. You apply once and are approved for a maximum amount of money, called your credit limit. You can withdraw any amount up to your maximum credit limit. A line of credit is a type of loan that both businesses and individuals can use to access money for a certain amount of time. When individuals do this, it’s called a “personal line of credit.” A Line of Credit gives you the ability to do just that without having to fill out a new loan application each time you want to make a draw. With our line of credit loans, you only need to apply for a line of credit one time and after you obtain approval, you can withdraw funds up to your available credit. Revolving Line of Credit Fast Loans for Short-Term Financial Needs When you need cash fast, one of the easiest ways to get it is through a revolving line of credit. With Cash-2-U revolving line of credit borrowing options, you have the freedom to get the cash you need on the terms you want. A personal Line of Credit from Advance America provides you with convenient, access to money that’s ready for you in case of an emergency. Simply apply once and the line stays open, allowing you to withdraw money as long as there are available funds. Availability of this loan varies by state. Already have an account? A Home Equity Line of Credit (HELOC) can serve as a ready source of funds for many types of expenses. Use your line of credit for almost any need, such as home improvements, debt consolidation or tuition payments. Access your funds conveniently with a check or an online transfer up to your available credit limit. The line of credit account is designed as a short-term cash flow solution and not designed as a solution for longer term financial problems. Additional Fees may accrue if the outstanding principal balance is not paid at the end of the cycle. Credit counseling services are available to consumers who are experiencing financial problems. With an Elastic line of credit, you can borrow the amount you need -- whenever your need it. Avoid the long-lines and apply with Elastic through our quick and secure application process today. What is a line of credit? A line of credit, also known as an LOC, is essentially a loan that can be used like a credit card. A financial institution will approve a borrower for a set amount and the borrower has full use of the funds as long as they don’t overdraw the account and continue to meet their monthly payments.