Defining a Small Business Line of Credit aka LOC

[MrWalrus]

LOC's permit you to pull against a predetermined credit limit, as it is needed it, rather than the alternative of receiving the full loan amount at one time. The plus side to this is that you only pay interest on what you actually draw. This means you are not confined to paying interest on funds you do not have an immediate use for. Learn more about small business lines of credit here [/size]http://fitsmallbusiness.com/what-is-a-business-line-of-credit/[/color]