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Line of Credit vs. Credit Card: Which Is Best for Your Business?

Donna Fuscaldo
business.com Staff
Oct 23, 2020

A business line of credit and a business credit card are both useful tools for managing your business's finances. Find out which one is right for you.

Borrowing money is par for the course when you run a small business – emergencies arise and opportunities pop up, and both require quick access to cash. For many small business owners, it's a toss-up between taking out a line of credit or putting expenses on a credit card. Deciding which funding method makes sense for you depends on your credit score, funding needs and the type of business you're running.

 

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Image Credit: Philip Steury / Getty Images
Donna Fuscaldo
business.com Staff
A lifetime New Yorker, I am a veteran finance and business journalist that has contributed to several national media outlets including Forbes, Investopedia, and Bankrate.com. I have spent my career providing consumers and business owners with advice and guidance to help them navigate the world of finance. As a senior finance writer, I report on all aspects of finance from managing cash flow to choosing the best accounting software.