A business line of credit is a finance facility between a financial institution and a borrower with an established maximum credit limit. The borrowers have access to funds from the line of credit 24/7 provided they do not exceed the maximum credit limit and make the required minimum payments. A line of credit is a type of revolving account. The borrower can spend the money, repay it and spend it again, in a virtually never-ending, revolving cycle. A line of credit is an unsecured loan unless it is a home equity line of credit.
DotCapital has bank and private lenders on its panel who offer a line of credit facilities. Talk to our experts about your business requirements.