5 Benefits of a Business Line of Credit
Oct 2, 2024
Need some extra funding to cover your everyday business costs? Before you apply for a business credit card, you may want to consider a business line of credit instead. A business line of credit provides business owners with easy access to a revolving line of credit that they can borrow from as needed. A line of credit works similarly to a credit card, where you’re approved to borrow up to a certain dollar amount. From there, you can draw upon funds as needed and only pay interest on the amount you borrow. As you repay the borrowed funds, the amount of credit available to you renews. Here are some of the common advantages of a business line of credit [Click here to continue reading].