It’s not surprising to hear line of credit and revolving credit used interchangeably sometimes; however, this isn’t quite accurate. Actually, a line of credit might offer revolving credit, but it also might not. The simplest way to introduce these two terms is to say that revolving credit is one kind of credit line. The difference... Read more
The post Business Line of Credit vs. Revolving Credit: What’s the Difference? appeared first on Small Business Blog.
from Small Business Blog https://www.kabbage.com/blog/business-line-of-credit-vs-revolving-credt-whats-the-difference
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