What is Line Credit Account?

A line of credit is a revolving loan account which allows you to draw money when you need it from a bank or asset-based lender. Interest charges only occur once you borrow money but other fees many times are charged such as closing points or unused line fees.

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Strengthen Your Trucking Company’s Financial Position with a Revolving Line of Credit

Strengthen Your Trucking Company’s Financial Position with a Revolving Line of Credit

If you're a business owner in trucking, whether you're managing a fleet or hauling loads yourself, there's a powerful financing tool available that is well…
Get Inside Your Lender’s Head Top things you can do (and avoid) to secure a line of credit for your growing business

Get Inside Your Lender’s Head Top things you can do (and avoid) to secure a line of credit for your growing business

First impressions are critical to any relationship, especially when it involves something as important as your business and your lender’s capital. eCapital’s Jennifer Palmer weighs…
How a Factoring Line of Credit Trumps Factoring and a Line of Credit

How a Factoring Line of Credit Trumps Factoring and a Line of Credit

Regardless of whether it’s riding through a pandemic, battling against freight shortages or going flat out to keep up with demand, maintaining positive cash flow…

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