What are Unsecured Business Lines of Credit good for?
Unsecured business credit lines are great to use for debt management, working capital, startup funding, and almost anything that is not a long-term project. It’s important to understand that, as a rule of thumb,
a long-term project is anything over 12-18 months…but this is not true for all situation.
It’s a good rule of thumb. However, it also depends on whether you’re utilizing a traditional,
bank-draft unsecured business credit line or the credit card model as to the best strategy to employ.