A Business Line of Credit can be used for almost any business need, including covering operating costs during the slow season, paying for recurring expenses and preparing for a new project. A line of credit can also be saved, undrawn on, to help with emergency expenses if they come up.
Examples could include:
- Cover business expenses while awaiting payment for products or services rendered
- Purchase of inventory prior to an anticipated busy season
- Quick cash for emergencies in any business
