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5 advantages of business credit line

Home » 5 advantages of business credit line

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business lines of credit
capitalcan July 29, 2016 No Comments

Five Advantages of a Business Line of Credit

A business line of credit (Abbreviated as LOC) grants you access a specific amount of funds which you can use as needed basis. The main advantage is that you merely pay interest on the funds that you truly withdraw. If you avoid using the line of credit, you don’t need to pay any interest. LOCs are known as “revolving” because as you repay what you borrow, the total amount that you pay becomes accessible to you to work with again (as well as a credit card).
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Uncategorized 5 advantages of business credit line, business line of credit, credit line, revolving account
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Recent News

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