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Chase business line of credit review

Quick access to funds up to $500,000 — but it’s only available in 25 states.

  • Best for small and midsize business owners with good to excellent credit.
  • Pick something else if you don’t run a business in one of the 25 states it’s available in.
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Min. Amount$10,000
Max. Amount$500,000
Loan TermUp to 60 months
RequirementsBased on personal and business credit score, DTI ratio, fixed assets, annual revenue and years in business

How much will this line of credit cost me?

Interest rates on the Chase business line of credit are based on your Chase banking relationship, collateral and credit history. Your minimum monthly payment is $100 or 1% of what you borrow, plus interest — whichever is greater.

The annual fee is tiered based on the credit limit of the line. It's waived if you use an average of 40% of your credit line.

Credit limitAnnual fee
Up to $50,000$150
$50,001 to $250,000$250
Over $250,000$500

What do I need to qualify?

Chase doesn’t publish specific requirements to qualify for a business line of credit other than operating your business in an eligible state. 

When considering your application, Chase will look at your business financials, including: 

  • Your business credit score 
  • Debt-to-income ratio and fixed assets
  • Annual revenue
  • Years in business

If your business has little credit history, Chase will also examine:

  • Your personal credit score 
  • Home equity 
  • Cash reserves and vehicles

If your personal credit score is at least 670 and you have an existing business relationship with Chase, you'll likely have a better chance of qualifying.

What states is the Chase business line of credit available in?

  • Arizona
  • California
  • Colorado
  • Connecticut
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Michigan
  • New Jersey
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Texas
  • Utah
  • Washington
  • Wisconsin
  • West Virginia

What information do I need to apply?

Chase requires you to supply your business’s financial details, including:

  • Tax returns 
  • Profit and loss statement 
  • Monthly bank statements 
  • Other financial documents

What industries does Chase work with?

Chase doesn't specify what industries it works with — you’ll need to visit a branch office and speak with a representative to learn more.

What other types of financing does Chase offer?

Chase offers a variety of business solutions and merchant services, including:

  • Business credit cards. Business owners can choose from a variety of Chase credit cards, including cash back and travel cards. Two come with no annual fee. 
  • Business loans. Chase offers standard business loans, SBA loans and commercial real estate loans for building, refinancing or expanding your business. 
  • Commercial line of credit. Besides the business line of credit, Chase also offers a commercial line of credit for large corporations that need access to credit limits over $500,000.

How does the Chase commercial line of credit work?

If your business has larger working capital needs, a commercial line of credit may be the way to go. Here’s how it breaks down:

  • Variable rates 
  • Initial terms from one to two years, renewable after that
  • Interest-only payments
  • Online payments and advances


  • Use your line of credit as overdraft protection on your Chase business bank account
  • Choose a monthly payment date that suits your cash flow
  • Chase help desk is available 24/7 — 365 days a year


  • Only available in 25 states
  • No online application
  • Collateral or personal guarantee required
  • No upfront list of fees or APR ranges

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Is Chase legit?

Yes, JP Morgan Chase is a legitimate financial institution that’s one of the largest banks in the US by total assets. It’s a member of both the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). 

Chase offers an online privacy policy to protect your confidential information. It also has electronic, physical and procedural safeguards in place that meet federal standards for keeping your information safe from unauthorized access or use.

Chase reviews and complaints

BBB accredited No
BBB rating A+
BBB customer reviews 1.1 out of 5 stars, based on 457 customer reviews
BBB customer complaints 3,182 customer complaints
Trustpilot Score 1.3 out of 5 stars, based on 250 customer reviews
App Store Score 4.8 out of 5 stars, based on 2.9 customer reviews
Google Play Score 4.4 out of 5 stars, based on 1,600,000 customer reviews
Customer reviews verified as of 12 October 2020

No, Chase has overwhelmingly bad reviews on the Better Business Bureau (BBB) and Trustpilot. Reviewers on the BBB report high fees, account closures for no reason and long processing times as major complaints. To Chase’s credit, it responded to most of these complaints. Trustpilot hosts fewer reviews, but customers echo those same complaints.

How do I apply?

You can’t apply for a Chase business line of credit online or by phone — you’ll need to visit your local branch to fill out an application in person.

What happens after I apply?

Because you must visit a Chase location and speak with a loan representative to apply, it will likely take longer to receive your funds than with many online lenders. However, how long exactly is unclear.

How do repayments work with Chase lines of credit?

You can choose a monthly payment date that suits your business’s cash flow. Once you make a draw, you’ll need to make minimum monthly payments of $100 or 1% of the outstanding amount plus interest — whichever is greater.

Not sure Chase is right for you? Compare other options by checking out our guides to business loans and business lines of credit.

Frequently asked questions


Review by

Kathryn Pomroy was a writer for Finder, specializing in loans. She has written for dozens of major publications, small businesses and many well-known personal finance companies, including LendingTree, Money Crashers, Quickbooks/Intuit, BankRate, LendEDU and more. Kathryn holds a BA in Journalism and drinks super bold coffee while eating peanut butter and honey toast.

Expert review

The Chase business line of credit is ideal for small and midsize business owners with good to excellent credit. Credit lines run from $10,000 to $500,000 over a five-year revolving term, making it a handy choice for both working capital and larger projects without a fixed budget. You get to pick your monthly payment due date, so you can make sure it suits your business’s cash flow. And you can use the credit line as overdraft protection on your Chase business bank account.

But it’s only available in 25 states. And there’s no online application — you have to visit a branch to apply in person. It also comes with an annual fee between $150 and $500, though it’s waived if you use an average of 40% of your credit line. APRs aren’t disclosed online and vary depending on your banking relationship, credit history and collateral.

Not sure Chase is right for your business? Explore other business loan options below.

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