Your Desk Guide to Find FUN Online Email this info or hint to someone you know who could use it. Cafe Line of Credit 1. Tips for getting the money. Ingredients you'll need on hand. A line of credit lets you draw on funds, as needed, for routine operating expenses up to the maximum amount of the credit line.
Credit lines enable businesses to better manage cash flow.
They usually carry a much lower interest rate than credit cards but somewhat higher than bank loans for a specific amount and purchase. Credit lines, like bank loans, are usually only available to profitable, established businesses and can be secured or unsecured. There is often a minimal annual fee. To even out cash flow when fluctuations are predictable, seasonal, or industry-specific. A credit line can handle those needs.