Business Line of Credit
A business line of credit for businesses offers access to capital on an as-needed basis, where you only pay interest on what you draw.
With a revolving line of credit, more cash will become available as you pay down your balance. Unlike selling equity, the funds from a business line of credit allow you to maintain business ownership, profits, and full control.
You can also use it to bridge cash flow gaps during seasonal slumps or as a rainy day fund. There are no restrictions on how you can use it – you can use a business line of credit to cover any costs or opportunities you face.