Between a line of credit and a loan, there exists a particular kind of credit vehicle known as a working capital demand loan. Combining aspects of both credit lines and loans, this method of financing utilizes the strengths of each to deliver a flexible and low-cost way for businesses to fund working capital requirements during temporary periods of low revenue or unexpected shortfalls in their working capital accounts.

Business credit can be the difference between a smoothly-run operation and a waking nightmare. Contrary to the naysayers, credit is, in fact, a powerful tool necessary for the proper operations of most small and medium-sized businesses. It allows for the prompt payment of bills and expenses, helps deal with emergent and unexpected situations, and generally makes one’s financial life significantly easier.

You may have heard of a business line of credit and wondered why you’d ever need one. After all, your business is doing well and there is plenty of cash to pay the expenses. You don’t need a loan, right?

The truth is it’s not that simple. Business lines of credit have multiple uses beyond being a source of funds for business owners to pay for large capital expenses. From cash flow flexibility to being an alternative to expensive cash reserves, business lines of credit can come in handy for any small business owner. Read on below to find out how!

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