What is a business line of credit?

A business line of credit provides businesses with access to a flexible amount of money that can be drawn as needed, offering financial stability for operational expenses.

How does a line of credit differ from a traditional loan?

Unlike a traditional loan, a line of credit allows businesses to borrow only what they need up to a credit limit, paying interest only on the drawn balance.

What are the benefits of a business line of credit?

Benefits include flexible access to funds, improved cash flow management, and the ability to capitalize on investment opportunities quickly.

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