What is Line of Credit (LOC)?

A Line of Credit (LOC) is a credit facility provided to the government, business or individual by a financial institution or another commercial funder. The borrowing can typically draw down on the account at any time, with a maximum limit which cannot be exceeded. The advantage with a LOC over a term loan is a borrower is typically only charged interest on the amount withdrawn at any given time vs an entire loan amount.

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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…
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…

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