Business lines of credit often have more flexible repayment terms than a standard business loan. Business loan payments are typically fixed over the repayment period, while business lines of credit can offer interest-only payment terms or outstanding balances can be repaid using a variety of repayment strategies. Businesses with uncertain or fluctuating revenue streams, such as startups or seasonal businesses may benefit more from the flexible repayment terms a business line of credit offers.
Information within these calculators are for illustrative purposes only and may not be applicable to your individual situation.