The Difference Between A Line Of Credit And A Loan

Small businesses often need outside financing if they're going to get the funds they need to fund their operations. Right now money is pouring into startups, with 1800 venture capital deals happening in 2015 alone. A lot of entrepreneurs don't understand the difference between loans and a line of credit. There are a number of important differences you have to take into account when making decisions of this magnitude.

This guide is going to discuss what a business line of credit is and what a loan is so you can make an informed decision about your financial future.

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