Business Loan or Line of Credit?

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Loan Summary
Line of Credit Summary
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.
These bright tools are here to shed a little light on your finances, but they’re just for guidance. For any tax or investment advice, please speak to your advisor. All final loan terms will be based on the borrower’s credit worthiness.