Lines of Credit
A line of credit is the flexible way for your business to have access to funds for unplanned expenditures. With a line of credit you are approved up to a certain amount. Advancing your line of credit is simple and can be set to advance in several different ways.
Businesses like yours used their lines of credit for any of the following:
· Fund unplanned expenses
· Meet expenditures while waiting for accounts receivable
· Purchasing goods or equipment
· Meeting seasonal costs