What Can You Use a Business Line of Credit For?
Through a line of credit, small businesses can obtain flexible financing to cover unforeseen expenses, inventory, and payroll. Businesses can use it to borrow up to a predefined limit and repay it as needed, rather than paying interest on the whole amount borrowed. This financial tool makes it easier to manage cash flow, take advantage of development opportunities, and respond to emergencies. With rotating access to funds, businesses may maintain their flexibility and competitiveness while ensuring they have operating capital available when needed. https://nybpost.com/what-is-th....e-business-line-of-c
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