A Business Line of Credit is a flexible financing option that allows businesses to borrow money as needed, up to a pre-approved limit, rather than receiving a lump sum upfront. This revolving line of credit gives businesses access to funds they can draw from repeatedly, as long as they stay within the credit limit and make timely repayments. Interest is only charged on the amount borrowed, not the total credit limit, making it a cost-effective solution for managing cash flow, covering unexpected expenses, or financing short-term projects. Business lines of credit are often easier to qualify for than traditional loans and can be secured or unsecured, depending on the lender’s requirements.