Guest Post By Rebecca Kennedy
Is a Loan or Line of Credit Better for Business Financing?
When you are searching for the best-fit financing to grow or sustain operations in a business, the number of options can seem overwhelming. There are lenders who offer complex products based on the assets held by the business, crowdfunding platforms that engage everyday investors, and conventional banks that provide a variety of borrowing vehicles based on how the funding will be used over time. While the options are daunting, it helps to understand the differences between the two most common categories of business lending – a business loan and a line of credit.