Lines of Credit
When a Line of Credit Beats a Term Loan
A client asked me last spring why I had steered her toward a line of credit when a term loan she had been quoted carried a...
Small business owner and funding writer, page 2 of 2
Renee has run a small retail business for nine years and has borrowed through a term loan, two lines of credit, and one merchant cash advance she still brings up as a cautionary tale. She writes about funding from the side that actually signs the paperwork.
Lines of Credit
A client asked me last spring why I had steered her toward a line of credit when a term loan she had been quoted carried a...
Lines of Credit
I signed for my first business line of credit assuming it worked roughly like a loan that happened to be flexible, and I was...