Reported 1 day ago
A business line of credit is a flexible financial tool that allows companies to borrow funds up to a specified limit, similar to a credit card. This funding can be drawn upon as needed and is refreshed as repayments are made, making it essential for managing cash flow and covering ongoing expenses. While business lines of credit are generally easier to qualify for than traditional loans, they may come with higher fees and shorter repayment terms. Additionally, options are available for businesses with less-than-perfect credit.
Source: YAHOO