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Home Q & A Board Biology-Related Homework Help General Biology
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iWILDRIGHTEOUS iWILDRIGHTEOUS
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8 years ago
If you're purchasing an existing business or a franchise, banks may offer lines of credit to help you ________.
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Educator
8 years ago
Banks offer lines of credit to help business owners keep their businesses running. A common use of lines of credit is to help the new small business owner pay employees when business is slow. Although a business owner may want to create a business plan or find an angel investor, neither represents a significant cost that would require a line of credit. Banks extend lines of credit only when the business owner qualifies, not because they fear that business owners would go to a different lending institution.
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