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Comparable to credit cards, starting a personal credit line gives your organization usage of money whenever it requires money

Sunday, June 21st, 2020

Comparable to credit cards, starting a personal credit line gives your organization usage of money whenever it requires money

Business type of credit

How it works: you merely spend interest about what you borrow and also a certain time period to pay for it well. Personal lines of credit are often renewable.

Exactly how much you’ll borrow: your organization can typically access between $2,000 and $500,000 with payment durations of half a year to a few years. (more…)