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The credit line on a small business line of credit can be quite high. Depending on your business credit history and the company’s financial health, a card’s credit line can easily reach ...
Lines of credit for high-risk borrowers offer short terms from six to 24 months, although some lines go higher, like five years. May charge high interest rates.
The Wells Fargo Small Business Advantage® line of credit will help businesses newer than two years old, provided they have strong credit (a personal score of 680 or higher).
Line of business (LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. In some industry sectors , like insurance , "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies.
The credit line on a small business line of credit can be quite high. Depending on your credit history and the company’s financial health, it can easily be $100,000 or more.
A business line of credit can be a helpful windfall for your business when income is tight. To maximize the benefits and avoid hurting your business finances, manage your line of credit carefully.
Bottom Line, Inc. (formerly Boardroom, Inc.) is an American publisher of books, newsletters and Web articles that provide advice from experts on a wide variety of topics, predominantly health, health care, investing and personal finance but also food and nutrition, taxes and legal matters, career, privacy and security, home improvement, small business, travel, entertainment, automobiles ...
Traditional lenders tend to have strict requirements for business lines of credit, including credit scores of 670 or higher, annual revenue of $250,000 or higher and at least two years in business.