A line of credit gives you access to funds up to your credit limit, which can be borrowed and paid back multiple times while only paying interest on the money you borrow. This is a flexible and typically unsecured way to borrow money for seasonal businesses, or businesses that need help managing cash flow or handling unexpected expenses.

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Pros: 

• Flexible borrowing 

• Typically no collateral required

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Cons:

• May have maintenance fee or withdrawal fee

• Good credit and consistent revenue required

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Best for:

• Short term needs 

• Seasonal businesses to help manage cash flow