September 28, 2018
When it comes to running a small business, having ample cash flow is imperative. Due to this, many business owners apply for a business line of credit. Although lines of credit can be a great financing source, it’s important to review the pros and cons of this product prior to submitting your application. To help you figure out if a line of credit is right for your business, we’ll detail what this financing product is, how it’s used, and what the benefits and downsides are. Let’s get started!