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Pros & Cons of Line of Credit for a Small Business

Obtaining a line of credit for your small business can provide you with emergency capital when things arise, but it can also put you in debt at a time you are trying to get your business off the ground. Lines of credit are established through financial institutions as well as the Small Business Administration in varying amounts. In deciding whether you want to obtain a line of credit for your small business, you need to decide what you will use it for and how it will be paid back.