Today, we're taking Rho Capital out of beta.
Every Rho client can now apply for a revolving working capital line of credit: money for the gap between when cash leaves your business and when it comes back.
Highlights
Draw up to $5M in revolving working capital, sized to the cash flowing through your business.
If approved, funds land in your Rho account in as little as 24 hours.
You have up to 180 days to repay each draw, and repaying restores your available credit.
No daily debits from your account, no revenue-share cuts, and no prepayment penalties.
The problem Rho Capital solves
Most businesses have a gap between when cash goes out and when it comes back in. You pay for inventory in March; customers pay you in July. You buy today; you get paid net 60. Payroll runs every two weeks; invoices take two months to clear.
That gap is the cash conversion cycle, and it's why a profitable company can still run short on cash the week a supplier invoice is due. The faster you grow, the wider the gap gets.
The real cost isn't the financing itself. It's the PO you couldn't fund, the inventory you under-bought for peak season, the contract you passed on because payroll came first.
What businesses draw for
Working capital is for a gap you can see coming, not one you can't. The businesses that use a line well all share one thing: their cash converts on a cycle they can name.
A consumer brand places its production order in March, sells in June, gets paid in July.
A distributor pays a supplier early to lock in a price or hold a slot in line.
A staffing firm runs payroll every two weeks against invoices that settle in 60 days.
Each one knows the date the gap closes. That's the difference between a timing gap and a hole, and Rho Capital is built for the timing gap.
Draw, repay, redraw
Draw what you need, when you need it. Each draw carries its own term, up to 180 days, so repayment follows your cash cycle instead of a fixed calendar. As you pay down the balance, the line refills. Next season, you draw again without reapplying.
What you're signing
Fees can vary and are confirmed before you accept a line. Nothing changes after you draw, and repaying early never costs extra.
Depending on underwriting, approval may also require a personal guaranty from a business owner.
Rho Capital doesn't take a cut of your sales. You aren't selling your future revenue at a discount, and what you owe isn't a fixed multiple that stays the same no matter when you repay.
How to apply
Apply from your Rho account in the platform. We'll use the standard business details already on file, your EIN, formation documents, and ownership information, along with a look at recent cash flow. Applications are subject to credit approval.
If you're approved, your line is ready to draw against. It lives alongside your existing Rho account, so there's no separate login and no new account to manage.
Not a Rho client yet? You can open a Rho account in minutes.
FAQs
Rho Capital is a revolving working-capital credit line for businesses that pay for growth before they get paid — covering gaps like inventory purchases, supplier payments, payroll bridges, and marketing spend. It's underwritten on your real business cash-flow data, not just credit scores. Draw when the gap opens, repay as the cash comes back, and the line replenishes as you pay it down — with flexible repayment terms up to 180 days, no origination fees, no prepayment penalties, and funds landing directly in your Rho account.
A Personal Guaranty may be required, depending on underwriting — review your specific offer terms. (Note: Rho's corporate cards require no personal guarantee; that's a separate product with separate terms.)
Applying does not trigger a hard pull on your personal credit. As part of the application you consent to a personal credit report being obtained, but the application itself does not hard-pull your score.
Credit lines go up to $5M (as of 08/03/2026), and larger facilities are considered case-by-case. Your specific line is sized by underwriting against your business's actual cash-flow data — line sizes are not guaranteed or preset.
No — explicitly not. There are no daily withdrawals and no cut of your revenue. Rho Capital is a revolving credit line: you control when you draw, repayment terms run up to 180 days, and paying down the line restores your available credit.
There are no origination fees and no prepayment penalties. Rates are based on your business's cash flow and shown during your application — no warrants, no dilution.
It's for SMBs with a gap between paying for growth and getting paid — including businesses banks tend to under-serve, like those with lumpy revenue or a thin credit file, because underwriting analyzes your real transaction data rather than relying on traditional credit scoring. A consumer brand financing inventory is one example; so is an agency bridging payroll or a company front-loading supplier payments. What it isn't: long-term financing — it's a revolving line with per-draw terms up to 180 days, built for short working-capital cycles.