Do you have a bricks and mortar store but are considering (or have already engaged) a digital aspect to your #business?

Online tools are your friend and will help your business grow and offer far greater scalability and resilience for the business, it also helps to manage your #cashflow better:

The difference between a business loan and a line of credit

by Reckon Team December 17, 2020PRODUCTS, SMALL BUSINESS, TECHNOLOGY

Business loans and lines of credit are both forms of external finance which act as vehicles for injecting cash into your business. External finance can fuel a small business to ride out an unexpected cash flow crunch or take advantage of an exciting growth opportunity.

Like most industries, technology has transformed the business finance sector. As a result, business finance is more readily available. Banks are no longer the only solution.

Fintech lenders, like Reckon Loans partner Prospa, focus on small business financing and leverage technology to deliver faster outcomes than traditional banks. The speed of fund delivery can be vital for a small business to leap on a sudden opportunity or respond to unpredictability.

The two of the most common business finance products that can serve small business needs are a small business loan and/or line of credit.

https://www.reckon.com/reckon-blog/the-difference-between-a-business-loan-and-a-line-of-credit/