BUSINESS LINE OF CREDIT VS. BUSINESS LOAN
Two cash-infusion options to grow or steady your business
Find the right financing solution for day-to-day operations or long-term growth.
Should I get a business loan or line of credit?
Start by defining your needs. A business loan might be the preferred option for bigger plans that require more money and time. Things like new construction, facilities expansion or expensive machinery purchases are all good fits for business loan financing. Shorter-term cash-flow needs such as covering payroll or bill payments are better aligned with a business line of credit.
At M&T Bank, we understand that each small business owner’s situation is unique. Our Business Banking Specialists are available to guide you to the solution that best serves your needs to help secure funding.