What is a business line of credit? A business line of credit is a type of business loan that gives you access to a predetermined amount of money you can borrow on an as-needed basis. Instead of receiving an upfront lump sum, you can access a revolving line of credit. A line of cred...
A business line of credit is a flexible funding option that can help you meet short-term financing goals. Learn how a business line of credit works.
What is a small business line of credit? A small business line of credit has more in common with a small business credit card than with a small business loan. Like a small business loan, an unsecured line of credit provides a business with access to money that can be used to address ...
Line of business (LOB) refers to a specific industry or product segment that a company operates in. It is a corporate subdivision focusing on a single product or family of products. It is easy to overlook what a line of business is and what it is used for, as it is a fundamental ...
A business line of credit is similar to a personal one: You're able to borrow a certain amount of money when you need it. If you're in a delivery business and a car breaks down for example, you can tap into your line of credit to pay for that repair. Owners of seasonal businesses...
Getting a business line of credit is similar to a business loan. Before you apply, it's important to make sure your business is established. Most lenders will require that you've been in business for at least six months and can show an annual income of at least $25,000. If your busin...
What is a small business line of credit? A small business line of credit has more in common with a small business credit card than with a small business loan. Like a small business loan, an unsecured line of credit provides a business with access to money that can be used to address an...
A business line of credit doesn’t have a fixed monthly repayment. Instead, most lines of credit can be paid back at any time, without any early repayment charges. One of the major differences between a traditional loan and a line of credit is that lines of credit are what’s known as...
A business line of credit supplies a business with cash much the same way as a fixed loan, but borrowing is optional. A business that needs cash can turn to a business line of credit instead of a fixed loan, applying for it the same way as a term loan. The line of credit can be ...
Line of business (LOB) is a general term that describes the related product or services a business or manufacturer offers. A company that manufacturessolid-state disk drives, for example, might claim its LOB is datastorage. An LOB serves a particular business need or a particular customer trans...