skip to Main Content
Business Line Of Credit

Business Line of Credit

Post Series: Lending Types

A business line of credit is quite similar to personal lines of credit. The financial institution grants access to a specific amount of financing. However, no interest is incurred until the funds are tapped into. A business line of credit can be unsecured or secured (typically, by inventory, receivables or other collateral). Lines of credit are often referred to as revolving and can be tapped into repeatedly. For instance, if there is access to a $60,000 line of credit and $30,000 is taken out, access to the remaining $30,000, if necessary, remains. If all $30,000 is paid back, there is access to the entire $60,000 without having to reapply, one of the biggest benefits of a line of credit.

Get Market Updates

Subscribe for market updates from Lenders Access!

Join our network, business finance professionals, and lenders across the country for market news and updates. Subscribe now. It's FREE!

1
Previous
Next


1525 Mesa Verde Dr.
Suite 203
Costa Mesa, CA 92626

P: (888) 325-2947
F: (855) 277-2947
Send Us a Message

Code of Ethics
Lenders Access adheres to the guidelines, provisions, and best practices set forth by the various lenders on our network. Lenders Access has adopted its own code of ethics that covers all lending activities provided through the network.

Learn More 

Lenders Axis 2014

California Department Of Business Oversight 60DBO 103120

Back To Top