A bank line of credit: Should your business have one?

Educational Articles | 05.24.2013

If you own a business, you are probably familiar with the universal need for money.  Though we’d all like to think that our entrepreneurial endeavors will become self sustaining very quickly, the truth is that most businesses will, at some point, require some kind of supplemental income to keep going.  There are many expenses that an entrepreneur has to consider before going into business, and without fail, many more will crop up unexpectedly.

So where do we get the money we need to keep the business trucking along? There are many options, ranging from investing our own personal income, to taking out loans and obtaining grants. In the following article, we discuss when it is appropriate to take out a bank line of credit, why you might want to do so, and what kind of process you will need to go through to get one.

Should Your Business Have a Bank Line of Credit?

Similar Articles
South Carolina Infrast...

Overriding Governor Henry McMaster’s veto, the South Carolina Legislature has passed t...Read More

Key Tax Developments, ...

The first quarter of 2017 has come to an end, and we’ve put together the tax chang...Read More

Key Tax Developments, ...

As the New Year begins – here are Quarter 4 2016 tax code and regulations changes ...Read More

Your Name (required)

Your Email (required)


Your Message

Please leave this field empty.

First Name (required)

Last Name (required)

Business (if applicable)

Phone Number

Your Email (required)


Please leave this field empty.