As we know well, a business thrives when backed by a robust financial foundation. However, that is easier said than done in this highly competitive market with a dwindling global economy that continues to take hits from the current geopolitical dynamics. The road to success is fraught with hurdles, especially for SMEs. Small and mid-size businesses typically have limited capital and cash reserve. But the need for funding is constant, which can be sufficed by replenishing the line of credit via financing options like a business line of credit in Australia . What is a line of credit? A line of credit or business line of credit is flexible financing offered by the bank, other financial institutions, or private lenders. The line of credit enables businesses to access funds in an emergency. Unlike a traditional loan, the lender charges the interest only on the amount utilized. The borrower can repay the funds utilized from the line of credit over a s...