How Can Lines of Credit Accomplish Your Business Goals?
Lines of credit, or LOCs, are a powerful commercial funding option. They are versatile financing which can be used to pay everyday business expenses such as employee wages or utility bills, or they can be used for larger business needs, like material or equipment. They are also unique in the commercial loan environment because they have built-in flexibility. The borrower can be approved for a certain amount, but they do not have to use it all.