What is a line of credit and how does it work?
The line of credit is the amount you can borrow from your bank, up to that limit. It's usually based on your monthly income (or an estimate thereof), but there are other factors as well. The interest rate determines by your bank, so you'll have to ask them about that.
You can also get a line of credit for business purposes, which would allow you to use your own money to pay bills or buy inventory without going through your personal account first.
Meet our business line of credit eligibility criteria to apply for a line of credit loan and get the following benefits: