Kacu
GLOSSARY

What is Business Line of Credit?

DEFINITION

A business line of credit is a revolving credit limit a business can draw from, repay, and draw again, paying interest only on the balance used.

Lines of credit suit recurring or unpredictable needs such as cash flow gaps, repairs, and short-term opportunities.

RELATED FUNDINGBusiness Line of CreditFlexible funds, on demand

Guides that explain it further

GROWTH & STRATEGY

How to Finance a Second Business Location

How to estimate costs, choose financing, and reduce risk when opening a second location for your restaurant, clinic, store, or service business.

· 3 min read