Banks may offer lines of credit to help the new business owner ________.

Question

Quizplus · Accepted Answer

A line of credit is a financial product that allows a business to access funds when needed, and repay them when they can. This can be helpful for a new business owner who may experience slow periods of cash flow or unexpected expenses, by allowing them to make payroll or cover other expenses without having to get a loan from a savings and loan association. A line of credit does not typically help with creating a business plan or finding an angel investor.

Banks May Offer Lines of Credit to Help the New