Pros
- Lukewarm credit OK
- A good credit building tool
- Only pay interest on the funds you use
- Quick and convenient access to cash
- Can be used for any purpose
Cons
- Updated financials may be required
- Lender can close the line of credit at any time
- Collateral may be required
- Poor credit equals a higher interest rate
At Big Think, we can help you structure the best loan for your needs. If you’re confused or need clarification about the qualifying requirements for a loan, please contact us. We’ll be happy to help.