What Can You Use a Business Line of Credit For?
For small firms, a line of credit offers flexible funding to meet unforeseen needs, wages, and inventory. Businesses can borrow up to a certain amount and pay it back as needed, paying interest only on the amount spent, unlike traditional loans. This financial instrument facilitates emergency management, growth opportunity seizing, and cash flow management. Businesses may maintain flexibility and competitiveness by having revolving access to money, which guarantees they have working capital when needed. https://nybpost.com/what-is-th....e-business-line-of-c
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