That could be business equipment or property, but some small business owners use personal property such as their home for collateral.What's the difference between a loan and a line of credit?
At a minimum, it can cause a lot of stress when having to manage tight cash flow.
A business credit card can be used, repaid and used again, this is the true definition of a ‘line of credit’.
Seek Capital provide new business owners the ability to obtain funding via credit cards, ranging from ,000 up to 0,000 with introductory rates of 0% APR, typically for ther first 12 months.
If your unsecured business line of credit is for ,000, then you have access to that much total but you don't have to borrow all of it.
You might use ,000 to purchase new computer equipment for the office; that leaves you with ,000 in available credit.