Business Lines of Credit
Small business lines of credit allow you flexible access to cash on an as-needed basis. This type of financing allows you to draw cash from your total credit limit for any business purpose and only pay interest on what you use.
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.