PathwayU LogoPathwayWBC Logo in WhiteVBOC Logo in White
Categories
Tags
  1. Home→
  2. Blog→
  3. capital

What is a line of credit?

Understanding Business Lines of Credit (LOC) The main advantage of a Line of Credit is the ability to borrow only the amount needed and pay interest only on the amount borrowed. How a LOC works: Typically, a LOC is for 12 months. It’s short term. It’s a pre-set borrowing limit normally used for working capital to operate a business. The ...
Read More
capital
line of credit
Pathway Lending Brand Mark and Favicon

Start

Tools to help you start a new business.
Start a new business
Business Model Canvas
How to Buy a Business

Grow

Tools to help you grow your business.
Grow your business
Sales & Marketing
Loan Readiness

Explore

Helpful templates, courses, and more.
Articles
Templates
Resources

Pathway Learn. Education and business resources by Pathway Lending.
Copyright © 2023 Pathway Lending. All rights reserved.

Welcome to Pathway Learn!
My AccountRegister & Login
ConnectResources & Coaches
Access more
  • Start a new business
  • Grow an existing business
  • Explore business resources
  • Meet our coaches
  • Are you loan ready?
  • Blog
back to homepage
Business Bootcamp
Business Finance
Funding Fundamentals
Marketing
accounting
accounts payable
accounts receivable
analysis
audience
capital
cash flow
competition
debt
expenses
financial statements
forecast
Internal
line of credit
marketing
microloan
operations
place
planning
price
product
promotion
sales
storytelling
strategy
technical assistance
technology
terms
vision