Facebook IconTwitter IconLinkedIn IconJustia IconYouTube IconFeed Icon

Differences Between a Line of Credit and a Term Loan


With a line of credit the borrower has recurring access to the funds and can borrow and repay the funds as he or she needs them. A term loan is funded fully at the time of the closing and the borrow repays it over a set schedule over a period of time.


Comments are closed.

Contact Information