If only there was a credit card, which could be used to cover the minor day-to-day business-related expenses, like inventory and expansion; it could help the owner to minimize the capital deficit. Well, that’s what they call a business line of credit. It is one of the most beneficial forms of business loans or business financing for SMEs in Australia. If you are new to the world of business or have limited knowledge of how financing works, we will give you quick know-how on a business line of credit in Australia , touching all the basics on the topic. Understanding the Concept of Business Line of Credit A business line of credit is a financial commitment between the lender and the borrower on an ongoing business loan with a credit limit. The business owner can use it to: · Re-stock inventory; · Pay off the utilities; · ...