Lines of Credit
Flexibility
A Line of Credit is like a business credit cards. You are approved for an amount which you can spend up to. Every time you make a payment, the line replenishes for you to use. You’ll be given a starting amount to grow the business credit.
Growth
Once you’ve built up a payment history, your line can grow. If the business revenue and trajectory are in line, you can be further approved for larger amounts without ever having to apply for another loan.