At first glance, business lines of credit (LOCs) and credit cards look pretty similar. They both offer revolving credit, meaning you can borrow money, repay the funds you borrowed, and then borrow more money―over and over and over.
And sure, that’s a pretty big similarity, but LOCs and credit cards have some big differences too. If you want to save your business money and save yourself frustration, you need to understand those differences and choose the right product.
In this guide, we’ll show you how a business line of credit and a business credit card compare and explain why you’d prefer one over the other. By the end, you'll have the info you need to decide if you want a line of credit or credit card―or both.