Business Lines of Credit
A revolving credit line gives your business flexible access to capital for inventory, payroll gaps, and seasonal cash flow needs.
Pros
- Pay interest only on funds used
- Reusable credit as you repay draws
- Faster access than traditional term loans
- Great for recurring short-term expenses
Cons
- Rates may be variable
- Lower limits for newer businesses
- Can include draw or maintenance fees
- Overuse can strain cash flow discipline