No, a business loan and a line of credit are not the same. A Business Loan provides a lump sum of money with fixed repayment terms, while a Line of Credit offers flexible access to funds up to a certain limit.
Is a business loan the same as a Line of Credit? Print
Modified on: Thu, 24 Oct, 2024 at 3:36 PM
Did you find it helpful? Yes No
Send feedbackSorry we couldn't be helpful. Help us improve this article with your feedback.