Line of Credit for Business
In a previous post we talked about the benefits of getting unsecured lines of credit in the form of business credit cards. With our bundled business credit card program a small business owner would get three to four of these cards issued to their company at 0% interest for the first 6-12 months.
Just like regular credit cards, business credit cards are a revolving line of credit. This means you can use it and repay the line as often as you wish, as long as you pay the minimum monthly payments on time and don’t exceed the card’s credit limits.
Now I don’t need to go into all the benefits of business credit cards; especially the ones we get issued to your company which only report to the business credit agencies such as Dun & Bradstreet. But every so often I get a small business owner inquiring about getting a traditional line of business credit from a bank with check writing privileges.
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