Comment on Tips for understanding business lines of credit

Tips for understanding business lines of credit

Last month, in the first of two parts looking at lines of credit, we covered some introductory points on the subject. That article described how lines of credit operate, the difference between secured and unsecured lines, and the role of the U.S. Small Business Administration in guaranteeing loans. This article continues that discussion, looking at how you can make a business line of credit work for you. Personal background and credit Although you may be seeking a loan for your business, your…

 

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