Business lines of credit often have more flexible repayment terms than a standard business loan. Business loan payments are typically fixed over the repayment period, while business lines of credit can offer interest-only payment terms, or outstanding balances can be repaid using a variety of repayment strategies. Companies with uncertain or fluctuating revenue streams, such as startups or seasonal businesses may benefit more from the flexible repayment terms a business line of credit offers.
Business Loan or Line of Credit?
Business Loan or Line of Credit
Loan Summary
Monthly Payment
Interest Paid
Other Costs
Line of Credit Summary
Monthly Payment
Interest Paid
Other Costs
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