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LINE of CREDIT
A line of credit is a credit facility that allows a borrower to take advances, during a defined period,
up to the preset "line limit"
and repay the advances at the borrower's discretion.
The main requirements of attaining a business loan are your
personal credit history, business plan,
experience, education, and
feasibility of the business you are starting or expanding.
If you have adequate cash flow to support repayment, I'd have to say that a line of credit is generally "easier" in that the application process and detail is much the same as applying for a credit card and approval is very fast (whereas the application and approval process for a loan is generally more involved, takes longer, and seems to involve other more "arbitrary" factors -- in my experience, at least).