LINES OF CREDIT
A business line of credit provides you draw down funds up to your credit limit and can be borrowed and paid back multiple times while only paying interest on the money you borrow. This structure is flexible and typically unsecured way to borrow money for businesses that are seasonal or those that need help managing cash flow or handling unexpected expenses.
Typically no collateral required
May have maintenance fee
Good credit and consistent revenue required
Good fit for:
Short term needs
Managing the cash flow of businesses that are seasonal