Business Financing 101
When to consider a term loan versus a line of credit
Learn more about term loans vs. line of credit and make the best financing decision for your business.
You will likely need some sort of outside financing as you grow. Most businesses need external funding to hire more employees, invest in marketing and sales, support operations, and scale. If you’re not interested in giving up more equity, term loans and lines of credit are the most common debt-based financing solutions.
While the two options are often (and mistakenly) used interchangeably, there are key differences that you should know. In this ebook you will learn:
» Key differences and pros and cons between a term loan and a line of credit
» Different pricing models and loan structures
» How to choose the best option for your business
Find the best funding option for your business now >>>
by Krista Morgan
Cofounder and CEO of P2Binvestor