What are Unsecured Business Lines of Credits good for?
Unsecured Business Lines of Credit’s are great to use for debt management, project specific purposes, and almost anything that is not a long-term project. It’s important to understand that, as a rule of thumb, a long-term project is anything over 12-18 months…but this is not true for all situations…it’s a good rule of thumb however. It also depends on whether you’re utilizing a traditional Unsecured Business Lines of Credit or the credit card model as to the best strategy to employ.
