The primary difference between a Business LOC and a business loan is that with a credit line you can draw down the principal as needed rather than taking on a debt obligation as one lump sum. You only pay interest on the portion of the credit line that you have drawn down. Additionally, with a [...]
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Business Line of Credit Versus Business Loan
Posted by on May 14th, 2010
Posted in Business Review 
Tags: account, accountant, amount, balance, benefit, best interest, borrower, business, business borrowers, business line, business lines, business loan, business loans, business purposes, capital, card, case, check, checking, Checks, CPA, cpa designation, credit, debt, designation, difference, everyone, exception, facility, flexibility, interest, line, Loan, LOC, lump, lump sum, manner, number, obligation, personal purchases, plastic, portion, principal, proceeds, purchase, reuse, SBA, series, small business, sum, supplier, supplier vendor, time, usage, vendor, Versus 
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