Line of Credit
Establishing a line of credit is an ideal way to handle short-term cash needs and anticipate seasonal fluctuations. With interest rates lower than credit cards, your line of credit saves you money while giving immediate purchasing power.
You only pay interest on what you use, unlike a term loan that provides the lump sum up front. This way you are in position to react to needs as they arise without paying a penny more than you have to.
- Summary
- Competitive interest rates
- Only pay interest on what is used
- More cost-effective than credit cards
- Use for most any purpose
- Ideal for working capital and short-term needs
