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Every Way to Get Small Business Loans in 2024 [startups \u0026 new businesses included]A line of credit is a flexible small business financing option, which allows you to draw on funds up to the maximum credit amount approved. Business lines of credit are intended to be used for temporary, short-term business funding needs. A payroll shortage, buying extra seasonal inventory, vendor. A business line of credit is a type of small-business loan that can be used for a variety of short-term needs, such as managing cash flow, buying inventory or.
