A business revolving line of credit is ideal for the short-term financing of day-to-day operations. You can access the exact amount of money you need when you need it. This means you aren’t borrowing too much money at one time, which can save you money on interest.
Benefits of Revolving Line of Credit:
- Fast access to cash
- No prepayment penalties
- Only pay for what you use
- No real estate collateral needed
- Build your credit as you use it
- Draw again from what you’ve replaced