Which are the Payback Terms Like for the Business credit line?
Though some loan providers enable you as much as five years to settle the complete quantity, many loan providers will expect you to definitely repay the mortgage within six or one year. Company credit line repayments are often made monthly or weekly.
Then once you’ve repaid the amount you borrowed, you can withdraw more money and reset your repayment term again if you have a revolving line of credit. […]