Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

Business loans and lines of credit can help you meet your funding needs; a loan offers a lump sum repaid through installments, while a line of credit allows you to draw as needed, up to your limit ...

Many subscription credit facilities will provide for the issuance of letters of credit in addition to the funding of loans. A letter of credit is an irrevocable undertaking for the payment of money ...

A business line of credit can be a convenient and flexible way for small businesses to access finance when they need it, rather than receiving a lump-sum payment such as with a small business loan.