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What is a business line of credit and how does it work?

What is a business line of credit and how does it work?
Photo: KVIA ABC-7 · view original

A business line of credit gives you flexible access to funding exactly when you need it. Unlike a traditional loan, you don’t receive a lump sum up front. Instead, you draw only what you need and pay interest on the amount you use. It can help you handle seasonal dips and jump on growth opportuni...

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