A business signature line of credit gives you capital to meet a whole variety of business needs. Draw on your business line of credit to get more working capital, buy inventory, handle seasonal cash flow gaps, pay off other debts, or address almost any other business emergency or opportunity.
Business Line of Credit vs. Credit Card
Although business lines of credit and credit cards are both forms of “revolving” credit, there are a few important differences you should be aware of:
- Credit cards are unsecured and often have higher interest rates
- Credit cards charge additional fees for cash advances and, often, balance transfers
The Partner Colorado business line of credit is “revolving” credit so you can tap into it again and again. When you repay what you’ve spent, you can take out even more.