Small Business Secrets Line of Credit Gamechanger

There are primarily two types of lines of credit available to small businesses:

• Secured Line of Credit: This requires collateral, such as real estate or inventory, which typically results in higher credit limits and lower interest rates.
• Unsecured Line of Credit: This does not require collateral but may come with higher interest rates and lower credit limits. It's often based on your creditworthiness and business performance.