A business line of credit (LOC) is a revolving loan that allows access to a fixed amount of capital, which can be used when needed to meet short-term business needs.
A LOC is one of the tools a business can use to finance short-term working capital requirements, such as: Purchasing inventory.
A line of credit works like a credit card. With a business line of credit, you can borrow up to a certain limit — i.e, $100,000 — and pay interest only on the portion of the money that you borrow.
ANNUAL REVENUE
CREDIT SCORE