Lines of Credit for Business

Line of credit is a borrowing option where you’re approved upfront for a set credit limit that you can draw on whenever you want. You’re not charged interest on the full credit limit, you only pay interest on the amount you borrow. You can borrow pay it down and borrow again and again, as long as you don’t exceed your total approved limit.
A line of credit might be drawn on with checks or balance transfers, much like a bank account