What is a revolving line of credit and why would I need one?
A. Typically, it is a credit limit at a variable interest rate that is readily available to a business to draw upon as the need arises, for immediate borrowing. To repay the line, a business makes monthly payments that can usually be deducted directly from the business checking account. Revolving lines cover temporary cash-flow needs, such as financing receivables, purchasing inventory, or taking advantage of seasonal opportunities. Q. Why would I consider equipment leasing v. purchasing? A. Oftentimes, while you think you can’t afford to upgrade, the reality is you can’t afford NOT to. Growing your business and staying competitive means ensuring your equipment and technology is up-to-date.
A. Typically, it is a credit limit at a variable interest rate that is readily available to a business to draw upon as the need arises, for immediate borrowing. To repay the line, a business makes monthly payments that can usually be deducted directly from the business checking account. Revolving lines cover temporary cash-flow needs, such as financing receivables, purchasing inventory, or taking advantage of seasonal opportunities.
