How line of credit works

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The main advantage of an draw period usually 10 years borrow only the amount needed by the business and extends a large loan.

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How Line of Credit Works
While traditional personal loans have a fixed term, a line of credit lets you access extra money whenever you want (up to your credit limit). A line of credit is a revolving loan that allows you to access money as you need it up to a certain limit. You can borrow up to that limit again as the money is. A credit line allows you to borrow in increments, repay it and borrow again as long as the line remains open. Typically, you will be required to pay interest on.