Lines of credit for small business work like a safety net. You get access to a set amount of money. You can use it when needed. You only pay interest on what you use, not the full amount.
Think of it like a credit card, but often with better rates and higher limits.
When it helps most:
- Cover short-term costs
- Handle slow sales periods
- Buy inventory
- Manage cash flow gaps
You can draw funds, repay, and use it again. This makes it a flexible option for daily business needs.
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