Business Loan or Line of Credit

Loan Summary

Monthly
Payment
Interest
Paid
Other
Costs

Line of Credit Summary

Monthly
Payment
Interest
Paid
Other
Costs

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.