A line of credit is an agreement between a borrower and a lender where the borrower can borrow. A business usually takes out a line of credit from its bank or other financial institution for working capital or to cover expenses, such as payroll or rent.
Improved cash flow
Business lines of credit for new businesses offer the ability to make purchases and pay for unexpected expenses when you need them. This can help you grow your business and keep your cash flow healthy and competitive.
For example, suppose a high-volume weekend...