Borrowing Need Loan amount? $ Loan Terms Interest rate? % Loan term (years)? Closing costs? $ Line of Credit Terms Interest rate? % Payoff schedule? - Select -Interest Only1% of Balance1-1.5% of Balance2% of Balance2.5% of Balance3% of BalanceSame as Loan Annual fee? $ Minimum payment? $ Printer-friendly version Loan Summary Monthly Payment Interest Paid Other Costs Line of Credit Summary Monthly Payment Interest Paid Other Costs Chart Table Email Results First Name Last Name Email Address Submit 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.