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 $2M 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.
Repayment follows the term of each draw, and paying down early never costs extra.
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 works best when you can name the date the gap closes. The businesses that use a line well all share one thing: their cash converts on a cycle they can see coming.
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 when the money comes back. That's what Rho Capital is built for: a known cost today against an inflow on a date you can point to.
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
Your cost is an APR, disclosed before you accept the line, with no origination fee and no prepayment penalty. The rate is locked when you draw, and because interest is prorated over the time a draw is outstanding, paying it down early reduces what you owe.
Depending on underwriting, approval may also require a personal guaranty from a business owner.
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. 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 $2M (as of 09/12/2026), and larger facilities are considered case-by-case. Your specific line is sized by underwriting against your business's actual cash-flow data, and line sizes are not guaranteed or preset.
No. Rho Capital is a revolving line of credit. You draw what you need, each draw carries its own term of up to 180 days, and your cost is a fee set before you accept the line. As you repay, your available credit is restored.
Pricing is an APR, based on your business's cash flow and the repayment term you choose, and it's shown during your application. There are no origination fees and no prepayment penalties. Rho Capital is debt financing, so there are no warrants and no dilution.
It's for SMBs with a gap between paying for growth and getting paid, including businesses with lumpy revenue or a thin credit file, because underwriting looks at your real transaction data. A consumer brand financing inventory is one example; so is an agency bridging payroll or a company front-loading supplier payments. 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.