Business Line of Credit

A Business Line of Credit is a flexible funding option that allows businesses to access a predetermined amount of money as needed. Unlike a traditional loan, where you receive a lump sum, a line of credit lets you draw funds, repay them, and borrow again within the limit. This is useful for managing cash flow, covering unexpected expenses, or taking advantage of opportunities without taking on long-term debt. Interest is typically charged only on the amount used, making it a practical choice for businesses seeking liquidity while maintaining financial flexibility.