What a line actually costs.
Three things drive the price: how much you've drawn, your rate, and how many days it stays outstanding. Nothing else moves the number.
Three inputs, one calculation.
Interest on a Lumen line is simple daily interest on the drawn balance — not the full limit. The math is drawn amount, times your rate, times the number of days that balance sits outstanding, divided by 365. Nothing compounds in the background, and the untouched portion of your limit costs nothing.
Fees vary by lender and offer. Some lenders attach a draw fee or a maintenance fee on top of interest; others don’t charge either. We surface whatever applies in the actual offer before you sign — we won’t make you dig for it.
One draw, worked out in full.
$30,000 drawn from a $50,000 line, held for 45 days, at an illustrative 15% APR used for the math only — not an offer or a quoted rate. Your actual rate depends on your business profile and the lender you’re matched with.
Worked example — illustrative
- Line limit
- $50,000
- Amount drawn
- $30,000
- Illustrative rate
- 15% APR
- Days outstanding
- 45
- Interest owed
- ≈ $555
$30,000 × 15% × (45 / 365) ≈ $554.79, shown as $555. The 15% rate is illustrative for math only, not an offer — your actual rate depends on your business profile and the lender you’re matched with. The remaining $20,000 of undrawn limit costs nothing for those same 45 days.
What we don’t charge.
No application fee.
A quote costs nothing and carries no obligation.
Checking your estimated limit uses a soft credit pull.