A small business line of credit is a flexible financing option that allows businesses to borrow, repay, and reborrow funds as needed, only paying interest on the amount currently drawn. It helps manage cash flow, cover unexpected expenses, and navigate seasonal fluctuations. Credit lines can be secured (backed by collateral) or unsecured, with eligibility based on factors like credit score and financial history. Unlike term loans, they provide revolving access to funds, offering more control but also requiring disciplined use to avoid accumulating debt. It’s ideal for businesses needing short-term, on-demand access to capital rather than a lump sum loan. To learn more, check out this helpful link published by PNC Bank.