How Does A Revolving Business Line Of Credit Work?

A revolving business line of credit (LOC) allows you to draw funds against it, at your discretion, up to the credit limit. Because it is "Revolving" as you pay it back, those funds become available again to use.   You only pay interest on the funds you have taken out.

You now have money reserved and available when you need it, and you only pay interest on the funds you take out.

You can now draw all or portions of money as needed up to the approval amount.  You have up to 1 year to repay any draws you take out.

You repay the drawn funds via an automatic weekly payment which covers the principle + interest.  You can prepay with zero penalties + big savings.

Draw more money out as needed (up to the approval amount).  Your weekly payment is adjusted to cover repayment of the new balance. As you pay back, those funds become available again to use.