Lines of credit are agreements between lenders and borrowers that provide the borrower with a maximum loan balance from which to withdraw funds. You can borrow funds at any moment with a line of credit as long as you do not exceed the maximum credit line amount. Flexibility is the greatest advantage of a line of credit for a small business owner. You do not have to use the complete amount you are approved for, thus you do not need to repay the total amount. Credit lines include secured, unsecured, revolving, non-revolving, and demand lines. With a revolving credit line, you can borrow money repeatedly until your credit limit is met. Similar to a credit card, when you make a purchase, a portion of your credit limit is deducted, and when you make a payment, your credit limit increases. We help small businesses build and establish qualify and scale business funding and credit.
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