Business Credit and its Legalities
by Attorney Shakeatha Davis Working capital is the backbone of any business. However, in times when cash flow is low or unsteady, taking a business credit can ensure that the business has access to a steady flow of working capital. Business credit is usually utilized to meet regular or unexpected short-term expenditures, enhance cash flow, or make new business investments. A “business credit” or a “line of credit” is a set amount of credit available to a business owner which