Business Line of Credit Guide

Business Line of Credit can be a valuable financial tool to help business owners approach financing in a strategic and thoughtful way. Having access to a credit line to help take advantage of opportunities or meet other short-term capital needs can help you build a thriving business.

When could applying for a line of credit be a better option than a more traditional term loan?

- Does your business regularly need access to short-term capital to meet day-to-day business expenses?
- Is your business a seasonal business where a credit line could help you bridge your busy seasons?
- Do you occasionally need extra capital to ramp up new customer contracts or projects?
- Do you have a healthy business credit profile?

A Business Line of Credit is a popular way for small businesses to capitalize short-term needs for cash. Keep reading to learn more.