What is a business line of credit

October 21, 2018

business line of credit provides a flexibility that a regular business loan doesn't. With a business line of credit, you can borrow up to $100,000 and pay interest only on the portion of capital that you borrow. You can access the capital as you need it to pay for business expenses. The balance on a line of credit is “revolving,” meaning that you can carry the balance from month to month and interest is calculated based on the amount you draw. Live Capital Funding, LLC has partnered up with Fundbox. Funbox uses cutting-edge technology, data science, and common sense to create better financial options for small businesses, helping business owners obtain working capital, they are fair and transparent: No fees to apply. Only pay for what you use. Repay early and save.

 

 

 

  • Say you wanted to draw for up to 24 weeks $10,000.00

 

Fees would start at $37.46 per week.

 

This puts the weekly repayment at $454.13

and brings the total including fees, to $10,899.00

 

 

 

  • Say you wanted to draw for up to 12 weeks $10,000.00

 

Fees would start at $38.83 per week.

 

This puts the weekly repayment at $872.17

and brings the total including fees, to $10,466.00

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