A business line of credit can provide organizations with funds up to a preset borrowing limit. Find out about the advantages of the solution, as well as the differences between secured and unsecured lines of credit. If you are looking to unlock funds for your business, then a line of credit (LOC) could be a useful borrowing solution. A business line of credit provides funds up to a preset borrowing limit, making it a more flexible alternative to loans and credit cards. You can draw capital when required and will only pay interest on the amount spent. The available credit replenishes as your spending is repaid, meaning you can access ‘revolving credit’ to meet your company’s cash flow needs. How a Line of Credit Works…

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