Summary of benefits
- Interest is only owed if the balance is not paid by the due date
- Flexibility in spending and long-term use
- High financing amounts with limits up to $100,000 or more
Business Line of Credit
A business line of credit is a powerful tool for new businesses, making it easier to manage the costs associated with starting up
Unlike traditional loans which require regular repayment installments, these lines of credit offer flexible and accessible solutions that can be repeatedly utilized - much like your own personal card! With moderate interest rates and generous limits available too, you have an excellent way to fund all those essential expenses when setting up shop.
If starting a new business, you need a business line of credit. It's like having an all-purpose pocket to cover expenses! Unlike with loans where you have regular repayments due, this type of financing offers flexible use and usually has higher limits plus moderate interest rates - ideal for those just beginning their entrepreneurial journey.
