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CMS Funding Blog

What is a Line of Credit?

Posted by Alan Brown on Apr 9, 2018 10:45:06 AM

 

According to Forbes, 70% of new businesses survive for at least two years, yet only a quarter of them last fifteen years or more. That’s an intimidating statistic! But don’t let it discourage you from starting your own business. Many of these companies take advantage of a line of credit, which helps to keep them afloat during times of need.

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Topics: Working Capital Needs, Line of Credit

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