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5 Questions to Ask Before Applying for a Business Line of Credit

As a small-business owner, it’s a foregone conclusion that one day you’ll be in a financial pickle. Having a solution in place before this happens could mean the difference between panic and peace of mind when you experience a slowdown in business, a sudden lack of inventory, or an unpleasant surprise, such as flooding from broken pipes. One possible solution is a business line of credit.

This type of financing offers flexible access to cash to fund short-term business needs. You’ll be granted a credit limit, but you’ll pay interest only on the funds you actually use, and the money will be available whenever you need it.

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