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
Department of Labor Ab...

Nexsen Pruet, PLLC reports that the Department of Labor has officially abandoned the O...Read More

Key Tax Developments, ...

Here are some of the major tax developments from 2017’s 2nd quarter that may affect yo...Read More

South Carolina Infrast...

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





Your Name (required)

Your Email (required)

Subject

Your Message

Please leave this field empty.





First Name (required)

Last Name (required)

Business (if applicable)

Phone Number

Your Email (required)

Message

Please leave this field empty.