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What is a Business Line of Credit?

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Luiz Bevilacqua

A business credit line can be secured or unsecured and it can be easier to get compared to other types of business loans. It should not, however, be used for long-term investments or major purchases. Businesses should be able to repay promptly as the interest and late fees can compound quickly with a line of credit.

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Luiz Bevilacqua
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