As a business owner, you occasionally need a financial boost. Whether you want to invest in new equipment, pay for extra marketing or just increase the amount of operating capital you have on hand, it’s important to understand the choices available so you can make the best decisions for your business. Wondering what a line of credit is exactly or trying to understand the nuances between lines of credit versus revolving credit? Here’s a look at the basics.
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Line of Credit Versus Revolving Credit: Understanding the Overlap
Aug 05, 2016