Think of a business line of credit much like your personal credit card which allows a business to borrow money made available as a spending ceiling from a financial institution like a bank or credit union, where your business is expected to repay it and borrow again, up to the credit limit whenever needed.

Similar to a credit card, not all business lines of credit are all made equal.

The good news is that the interest rate you’ll be charged for the amount you borrow is usually lower for a credit line than a credit card.

How to manage business line of credit
How to manage business line of credit
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