A credit line is perfect for a business to have the option of immediate financial assistance. A credit line is optimal for emergencies or to refinance. It’s ideal if you aren’t in immediate need of money, unlike a loan where you receive a lump summed amount. If you don’t need to use the credit line, you don’t have to. It’s just nice to have the option in a pinch! There is no prepayment penalties to pay off your Line of Credit, allowing you to truly only pay for capital you access.