BUSINESS LINE OF CREDIT
A line of credit gives you access to funds up to your credit limit which can be borrowed and paid back multiple times while only paying interest on the money you borrow. This is a flexible and typically unsecured way to borrow money for seasonal businesses or businesses that need help managing cash flow or handling unexpected expenses.
Typically no collateral required
May have a maintenance or withdrawal fee
Good credit and consistent revenue are required
Short term needs
Seasonal business to manage cash flow