What Is the Advantage of a Secured Line of Credit?

Posted by: Rod Kurtz on October 11, 2007

For business owners looking for some financial flexibility, one of the more inviting options is a secured line of business credit. Such a line of credit provides a business owner with the funds to buy equipment, fund special projects, maintain steady business operations, or deal with any financial needs that may arise. Unlike a loan, a line of credit can be used without reapplying each time funds are needed, since a line of credit is a continuous source of finance that is used much like a credit card (yet typically without a monthly bill).

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